Ferrari’s (NYSE:RACE) F8 Spider is a Street Racer and a Loud Errand Runner

Ferrari’s (NYSE:RACE) F8 Spider is a Street Racer and a Loud Errand Runner

#Ferrari #F8Spider #streetracer #supercar #Monza #wildatheart

$RACE

This 710-hp Ferrari F8 Spider is a street racer and a loud errand runner, aka ‘Wild at Heart’

Every new Ferrari Supercar is engineered to post fast laps at Fiorano and/or Monza, no matter that the majority will never see a race circuit.

That mindset makes the Ferrari F8 Spider easy to live with and enjoy daily especially on a warm Summer afternoon, it is thrilling to drive or even ride in. 

When you remove the roof the Spider does away the rear window. Instead, the Spider has a body-colored rear panel, underneath it is where the roof is stowed.

This means you cannot see the big V8 from outside the car, but you can see out the back.

The Spider’s 3.9-liter twin-turbo V8 makes 710 hp and 568 pound-feet of torque, and thanks to a lighter crankshaft and flywheel, the engine weighs about 40 lb less than the engine in the 488.

Huge side intakes feed cool air into the turbochargers, and the large inset tailpipes sing a song that is not quite as lovely as a naturally aspirated V8 rasp, but it will wake sleepers on a cold start.

This car is Wild at Heart: Go for a virtual ride, click here!

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 overall Bullish with a Very Bullish bias, the Key resistance 175.53, and Key support is at 170.46.

Our overall technical outlook is Bullish in here, as all Key indicators are Bullish to Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.

Ferrari (NYSE:RACE) finished Tuesday at 171.01, +0.03 in NY just shy of its all time highs.

The Maranello Outfit’s 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. The stock is now considered defensive in the sector.

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.