|Bid||116.55 x 0|
|Ask||116.65 x 0|
|Day's Range||116.00 - 116.90|
|52 Week Range||84.08 - 129.50|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||28.18|
|Forward Dividend & Yield||1.03 (0.89%)|
|1y Target Est||N/A|
Why Ferrari Surged Over 10% following Its Q4 ResultsFerrari’s fourth quarterOn January 31, Italian luxury carmaker Ferrari (RACE) released its fourth-quarter and 2018 earnings results before the market opened. In the quarter, the company’s
Ford Beats Analysts’ Revenue Estimates But Misses on EPS in Q4Ford stockOn Wednesday, after the market closed, the second-largest US automaker, Ford Motor Company (F), released its fourth-quarter and full-year 2018 earnings results. On January 16,
Ford Fell More than 2% before Its Q4 Earnings Release TodayFord Motor Company America’s second-largest automaker, Ford (F), is set to release its fourth quarter of 2018 earnings after the market closes today. The stock is trading on a bearish note.
What Do Analysts Expect of Ford’s Q4 2018 Earnings?(Continued from Prior Part)Ford’s recent stock performance In the previous article, we looked at how Ford Motor Company (F) stock has managed to outperform the S&P 500 Index in January so
What Do Analysts Expect of Ford’s Q4 2018 Earnings?Ford’s fourth-quarter earnings Ford Motor Company (F), the second-largest US automaker by 2018 vehicle sales volumes, is set to release its fourth-quarter earnings results on January 24. Before
Why Tesla Fell 13% Last WeekTesla’s fall In the week that ended on January 18, the stock of popular electric carmaker Tesla (TSLA) fell 13.0%, its worst weekly loss in the last 22 weeks. The fall was primarily the result of a sharp sell-off in the
Top 3 Things Elon Musk Said Today- That You Might Have MissedTesla The broader market saw its fourth consecutive positive session today after reports of a potential positive development in US–China trade relations. But multibillionaire Elon
A 1957 Ferrari 250 GT Coupe Speciale by Pininfarina that was originally built and delivered to Princess Lilian de Réthy of Belgium leads RM Sotheby’s first sale of the year, and its 20th annual auction going underway Friday in Phoenix, Ariz. Princess Lilian de Réthy, born as a commoner named Marie-Lilien Baels, was hired in 1939 as a governess to the three children of King Leopold III, who was a widower following his Queen, Astrid of Sweden’s untimely death in 1935. In 1941, King Leopold III married Miss Baels in a private religious ceremony, and she was titled the Princess Lilian de Réthy, as the title of queen was not permitted under the circumstances.
Elon Musk Tries to Motivate Tesla Employees Keeping Their JobsTeslaIt’s turning out to be a terrible day for the American electric carmaker Tesla (TSLA). This morning, CEO Elon Musk, in a post on Tesla’s official blog, announced that Tesla is
Here's What Elon Musk Said to Fired Tesla EmployeesTesla stock January 18 is turning out to be a terrible day for Tesla (TSLA) investors. At 10:21 AM EST, the stock was trading at $313.22, down 9.8% from its previous day’s closing price. These
Elon Musk’s Big Announcement on Tesla: All You Need to KnowTeslaThis morning, Tesla (TSLA) made a big announcement that is likely to make its stock highly volatile today and in the next few days as well. The company’s CEO, Elon Musk, announced
Why Tesla Stock Fell More than 8% on January 18Tesla stock fell At 6:46 AM EST on January 18, Tesla (TSLA) shares fell 8.4% in the pre-market session from the previous day’s closing. The losses came after CEO Elon Musk made a big announcement
John Elkann, chairman of Ferrari (Milan:RACE.MI - News) and main shareholder Exor (:EXOR.MI), reiterated his support for Ferrari chief executive Louis Camilleri, denying speculation a top management purge could be on the cards. "I deny all rumors about both a possible return to the past and changes in our structure," Elkann, a scion of Italy's Agnelli family, said in a letter published on Wednesday in Italy's Gazzetta dello Sport. "My commitment to ensuring stability and concentration at Ferrari is total as is that of CEO Louis Camilleri," he said.
Ferrari is his passion, and he owns a very early race-winning 1947 159 Spyder Corsa, a 1988 GTB Turbo, the Pininfarina-designed 1970 Modulo, a 1967 Dino Competizione, and others. Scuderia Cameron Glickenhaus (SCG) produces supercars for the road and track. The company says on its website, “We find the toughest races in the world—The 24 Hours of Nürburgring, The Baja 1000—and design vehicles to compete in those challenges.” The SCG 003C was first in its class at the 24 Hours of Nürburgring in both 2017 and 2018.
Bonhams auction this month in Scottsdale, Arizona, will also feature Robert Redford’s former Porsche
Ferrari is an auto stock to watch in 2019 as the Italian manufacturer plans to significantly expand its production over the next seven years, Consumer Edge Research's Jamie Albertine says. Brands like Penske PAG and Ferrari RACE-IT could be some of the top auto stocks to buy in the new year, Consumer Edge Research's Jamie Albertine told CNBC on Wednesday. Carrying a high return on invested capital, or ROIC, Penske Automotive Group has begun moving into the used car retail business, he said.
In the previous part of this series, we explored how Wall Street analysts are rating the top two US auto giants, Ford (F) and General Motors (GM). Analysts’ next-12-month consensus target price for Ford reflects a minor upside potential of only 16.1% from its market price, while analysts expect GM to yield a 31.6% positive return.
This year, Harley-Davidson (HOG) stock has fallen ~15.9%. The stock fell 15.6% in October alone, but has recovered by 12.0% this month. In comparison, auto stocks (XLY) Honda (HMC), Ford (F), and Ferrari (RACE) have fallen 1.6%, 1.5%, and 7.5% month-to-date, respectively. In 2017, HOG held the largest share of the US heavyweight motorcycle market, but underperformed other auto stocks and fell ~12.8%.
Ferrari stock (RACE) has fallen ~7.5% this month after falling 14.5% in October. The fourth-quarter broader market sell-off has affected the Italian luxury carmaker the most among automakers. RACE has outperformed legacy auto companies and the broader market for the last two years. In 2016 and 2017, the stock rose ~21% and 80.3%, respectively, attracting auto investors’ attention. In comparison (XLY), Tesla (TSLA), General Motors (GM), and Ford (F) rose 45.7%, 17.7%, and 3.0%, respectively, in 2017.
Of the 30 Reuters-surveyed analysts covering Tesla (TSLA), ~30% recommend “buy,”~37% recommend “hold,” and ~33% recommend “sell.” Their consensus target price of $327.67 for Tesla stock is 5.8% lower than its November 28 market price of $347.87. Three months ago, analysts’ target price was $322.38.
Ferrari (RACE) is fourth on our list of the top four long-term investment stocks on Black Friday. In 2017, Ferrari returned 80.3%. Let’s see why Ferrari could still be a good potential buy for long-term investors.
Last week, Fiat Chrysler Automobiles (FCAU) stock continued to trade on a slightly positive note and rose 1.2% to close at $16.45.
In the week that ended on November 16, the broader market turned negative again, erasing most of its post-midterm election gains.