Ferrari’s (NYSE:RACE)Mattia Binotto says his Team Boss role is “proving more fun than he’d predicted…”

Ferrari’s (NYSE:RACE)Mattia Binotto says his Team Boss role is “proving more fun than he’d predicted…”

$RACE

Mattia Binotto was formerly The Scuderia’s technical director, he took over from Maurizio Arrivabene as Team Principal at the start of this year. Things began well, with their SF90 the class of the field in pre-season testing, but that did not translate into race form, with rival MercedesAMG finishing 1-2 in the opening 5 Grand Prix races.

Then, at round 13 did Boss Binotto’s team mark a victory, with Charles Leclerc’s maiden triumph in Belgium, followed a week later by Ferrari’s 1st victory on its home track since Y 2010, again by Mr. Leclerc.

The Big Q: How is the Scuderia’s Boss finding his role now?

The Big A: “I would say it is more enjoyable than what I was expecting, rather than difficult,” he says. “The reason why it is enjoyable is because I think we have got a great team and a great team spirit and that is somehow giving to the team principal the right confidence and boost – and again our tifosi.

The tifosi are those famous Ferrari fans place big expectation on the Scuderia. And this season Mr. Binotto has had to contend with his cars and drivers’ fluctuating form, as 4X world champion Sebastian Vettel yet to take a Chequered flag in Y 2019.

The 1st part of the season has been difficult and somehow to manage the situation is never easy,” said Mr. Binotto. “It’s true with the fans, with the media and it’s true within the team. But somehow that will make us even stronger in the future by making sure that we have been able and capable of managing the start of this season.”

This weekend ia Singapore Grand Prix, 1 which the team have won just 2X in its 11-yr history, their last victory coming with Mr. Vettel in Y 2015.

We will be watching to see what will happen under the lights this year…tune in.

For the official details on the Singapore GP 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 Neutral to Bearish, overhead resistance is at 155.85 and support at 152.90 as 1 Key indicator has begun flashing Very Bullish in here. Ferrari finished at 153.96, +3.00 Tuesday 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 last month, 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.

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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