Ferrari (RACE)

[winston]

not vested

Ferrari Jumps 17% in New York Stock Exchange Debut
By Alex Barinka, Tommaso Ebhardt

Source: Bloomberg

http://finance.yahoo.com/news/ferrari-j ... 54229.html

[winston]

not vested

Ferrari Races to Record Results

The luxury automaker has substantial pricing power.

By Richard Hilgert

Second-quarter revenue rose 6% on a nearly 8% increase in vehicle shipments.

Profitability expanded during the quarter, with the EBIT margin reaching 19.3%, a whopping 310 basis points higher than the second quarter of 2015.

Source: Morningstar

http://news.morningstar.com/articlenet/ ... yptr=yahoo

[winston]

not vested

Italian Stocks to Buy: Ferrari N.V. (RACE)

Perhaps there is nothing more Italian than Ferrari N.V. (NYSE:RACE). But like the other Italian stocks on this list, RACE is more of a global powerhouse than just a play on Italy.

Ferrari’s iconic and luxury automobiles are sold all over the world. The name brand commands a huge amount of pricing power, as its owners are celebrities, global elites and racing enthusiasts.

Very few car companies can charge $2 million for a preorder and have it sell out in minutes. With RACE, you’re buying a status symbol, rather than just transportation.

That has translated to into rising sales. During its last earnings release, RACE saw shipments gain across the board in terms of world regions. However, the biggest driver was Asia, as the emerging wealthy continue to buy luxury items at a fevered pace.

China continues to mint more millionaires than any other nation on the planet. That works out in Ferrari’s favor, given its iconic status.

For investors, it translates in rising profits and car shipments over the long term. And when you’re selling cars for north of $300,000 a pop, the profits really start to flow.

Meanwhile, RACE shares can be had for just a little above its IPO price.

In the end, when it comes to Italian stocks to buy, RACE could be one of the best ones given its long history as a global symbol of wealth.

Source: Investor Place

[winston]

not vested

MORGAN STANLEY ON FERRARI: 'It's time for a pit stop'

by Graham Rapier

“We believe the stock may have achieved 2 or 3 years' worth of share price appreciation in just the past few months,”

Until something is concrete, Morgan Stanley is sticking with its $100 price target — 7.7% lower than where shares were trading Thursday afternoon.

Source: Business Insider

https://finance.yahoo.com/news/morgan-s ... 54435.html

[winston]

not vested

SALES OF THIS 'STATUS SYMBOL' HINT THAT THINGS AREN'T TOO BAD

Today, we check in on the economy using one of our go-to indicators...

As regular readers know, we like to look at leisure sectors to gauge the strength of the economy. Recreational spending on items like swimming pools and golf equipment can show us when consumers have cash to burn. And today, a leading name in luxury goods is thriving...

We're talking about Ferrari (RACE), the sports-car company known for its high-performance luxury vehicles.

Ferrari is seeing greater demand for its "supercars" as wealth grows in America. (By 2021, the number of millionaires in the U.S. alone is projected to reach 18 million.)

The company is also expanding into fast-growth markets, like China. During the first quarter, sales of its coveted Italian sports cars boosted Ferrari's net profit by 19% year over year – that's 149 million euros.

Shareholders are profiting, too... The stock is up around 65% over the past year, recently hitting a multiyear high. As long as people have extra money to "show off," things can't be too bad for the economy...

Source: Daily Wealth

[behappyalways]

Ferrari Shares Crash Most On Record After 2030 Outlook Disappoints
https://www.zerohedge.com/markets/ferra ... isappoints

[behappyalways]

Ferrari Shares Plunge After Analyst Slams New EV As "Mix Between Honda And Tesla"
https://www.zerohedge.com/markets/ferra ... -and-tesla