Ferraris line up for the 1st FIA Motorsport Games

Ferraris line up for the 1st FIA Motorsport Games

$RACE

Rome’s Piero Taruffi circuit will be the scene, this weekend, of the first ever edition of the “FIA Motorsport Games” which will include such categories as GT, Touring Cars and Formula 4 along with emerging disciplines like drifting, digital motorsport and karting slalom.

In the races featuring GT cars, 5 Ferraris are set to take the start, lined up by teams from Italy, USA, England, Russia and Belarus. Each country is allowed to deploy just one car and the Ferrari 488 GT3, adorned in tricolour livery, will be the only one given the honour of representing Italy. The car is to be driven by Gianluca and Giorgio Roda, a highly-experienced international racing crew with a lengthy honours list. The crews, chosen by the respective National Sporting Authorities, are required to be made up of bronze level drivers, or by a combination of bronze and silver.

Gracing American colors will be the US crew of Spencer Pumpelly and Robert Ferriol who will form the only all-bronze pairing on the grid. The duo can rely on a wealth of experience in the IMSA competition series. Sporting the English emblem will be Flick Haigh partnered with Chris Froggatt, who took part in last year’s Nations Cup, once again in a Ferrari, who will be aspiring for a noteworthy result, as will the crew representing Russia.

Rinat Salikhov and Denis Bulatov, protagonists in the Blancpain GT Endurance Cup alongside David Perel, after the fourth place claimed in the previous edition, will be hoping to improve on the final result, this time aiming for a medal.

The Italian crew will not be the only father and son crew, since the Belarus pairing will also be an all-family affair made up of Alexander Talkanitsa Sr. and Alexander Talkanitsa Jr. behind the wheel of a 488 GT3.

Thursday, 31 October the cars were on view in the Piazza del Popolo, before stopping off in the centre of Rome outside the Colosseum for the evocative opening ceremony. The engines roared into action Friday, for the kick off of the 1st edition of the FIA Motorsport Games with Giorgio and Gianluca Roda taking to the track for 2 FP sessions at 10.00 and 13.00. Qualifying on Saturday, 2 November at 09.45, with the rGeen light signalling Race-1 set for 14.25. Sunday, 3 November will start with Race -2 at 09.30, while the 3rd and concluding race of the FIA Motorsport Games programme will get underway at 15.00. The 3 1-hour races will serve to deliver the 1st ever medals of the “Motorsport Olympics

Ferrari is the Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

HeffX-LTN overall technical outlook for RACE is Neutral to Bearish, overhead resistance is at 161.44, and support at 159.71 as 2 of our 3 Key indicators have turned Very Bullish and the stock has established long term support.

Ferrari finished at 161.28, +1.26 Friday in NY.

Note: Goldman Sachs upgraded Ferrari to ‘buy‘ from ‘neutral ‘calling the stock’s pullback a good “entry point.” “We upgrade Ferrari from Neutral to Buy, offering 15% upside to our new price targets of 182. Our thesis, outlined in Life of Luxury published in September, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback since July 16 has provided good entry point in here.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame

Tune and enjoy the F1 racing at Austin Tx this weekend.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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