Ferrari’s (NYSE:RACE) Financial Power Unit Set Up to Run Strong into Year’s End

Ferrari’s (NYSE:RACE) Financial Power Unit Set Up to Run Strong into Year’s End

$RACE

HQ’d in Maranello, Italy, founded in Y 1947, Ferrari (NYSE:RACE), designs, engineers, produces and sells luxury high performance sports cars and lots more.

In addition to its racing and vehicle manufacturing operations, Ferrari licenses its brand to various producers and retailers of luxury and lifestyle goods and has recently tied-up with Giorgio Armani to revamp and build that luxury goods collection.

Furthermore, the company operates two Ferrari-themed amusement parks: Ferrari World in Abu Dhabi and Ferrari Land near Barcelona.

Since opening its first Ferrari Store retail location in Maranello in Y 2002, the company has expanded its operations to approximately 50 stores worldwide, including locations in Los Angeles and Miami. Moreover, the company operates a network of 180 dealerships in 60 markets globally.

Ferrari outperformed revenue and earnings expectations for Q-3 this year, which provided the necessary boost to accelerate the company’s share price to a new all-time high that is just shy of 170.

Then, Ferrari reported double-digit growth across nearly all categories. For the 1st 3 Quarters in Y 2019, Ferrari managed to produce and ship 13% more units; 7,755 through end of September 2019 Vs 6,853 in the same frame last year. And now there is the Roma, smooth and sexy!

In light of the cumulative results over the 1st 3 Qs, the company boosted its outlook for F-Y 2019 expectations. The company raised its net revenues expectations 5.7% to $4.1-B

The company also raised its EPS expectations for F-Y 2019 above the upper limit of the originally budgeted range between $3.89 and $4.11. The revised EPS expectations are between $4.11 and $4.17.

Ferrari’s performance so far in Y 2019 should provide enough confidence that the company might carry its current momentum and maintain a pace which will enable it to deliver a strong finish all the way to the Checkered Flag at the end of the year.

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 Very Bullish, overhead resistance is NIL and Key support at 165.00, as all Key indicators turned Very Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 165.41, +1.00 Thursday in NY.

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

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

Stay tuned…

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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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