$RACE

Modern F1 cars switched out their high-revving, high-cylinder-count engines for turbo, hybrid-assisted V-6 power plants in Y 2014. But that was not the first time the motorsport championship used turbocharged V-6 engines.

In the Eighties, many teams used turbo engines, including Ferrari (NYSE:RACE).

This 156/85 is one such example. But unlike today’s V-6 power units, this 1 sounds terrific. It has a raspy growl, and screams all the way to redline. Listen for yourself.

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, there is Key resistance 167.47, and support is at 138.31, 1 of my Key indicators is Very Bullish as the stock is still oversold in here.

Ferrari finished at 144.95, +15.45 Tuesday in NY, and shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now.

Have a healthy day, stay home!

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HEFFX Australia

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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