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.
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!
