Ferrari N.V. ($RACE) Stock Forecast: Up 5.3% Today

What is Ferrari N.V.?

Ferrari NV (RACE) is a renowned luxury sports car manufacturer based in Italy. The company is known for its high-performance vehicles and iconic brand image. The stock of Ferrari had a strong bullish movement in the market today.

Why is Ferrari N.V. going up?

RACE stock is up 5.3% on Aug 15, 2024 13:41

• The news of a Singaporean being charged with disposing of Rolls-Royce and Ferrari cars in a money laundering case may have created some buzz around luxury car brands like Ferrari, potentially increasing investor interest in the company.
• Positive comments on Clorox and Ferrari by Jim Cramer in the Lightning Round segment could have boosted investor confidence in Ferrari's stock, contributing to its bullish movement.
• The mention of Ferrari in an article about CNH Industrial's M&A activities might have indirectly highlighted Ferrari's strong brand presence and value within the automotive industry, influencing investor sentiment positively.
• The auction of rare and endangered horses being compared to "Ferrari in a junkyard" is a quirky reference that, although unrelated to the company's actual performance, could have subconsciously kept the Ferrari brand in the minds of readers and investors, potentially contributing to the bullish market movement.

RACE Price Chart

RACE Technical Analysis

RACE News

S$3b money laundering case: First Singaporean charged with disposing of Rolls-Royce, Ferrari cars

ON THE first anniversary of the arrests of 10 foreigners in Singapore’s largest money laundering case, the first Singaporean linked to the…

https://www.businesstimes.com.sg/singapore/s3b-money-laundering-case-first-singaporean-charged-disposing-rolls-royce-ferrari-cars

Lightning Round: I''m a buyer of Clorox, says Jim Cramer

''Mad Money'' host Jim Cramer weighs in on stock including: Global Foundries, Sentinel One, Clorox, Google, and Ferrari.

https://www.cnbc.com/video/2024/08/14/lightning-round-im-a-buyer-of-clorox-says-jim-cramer.html

How CNH’s ‘black belt’ M&A head makes deals

Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global giant was struggling to tap into the startup scene. The conglomerate turned to one of its longest-tenured executives, a swashbuckling Italian businessman named Michele Lombardi. […] © 2024 TechCrunch. All rights reserved. For personal use only.

https://techcrunch.com/2024/08/11/how-cnhs-black-belt-ma-head-makes-deals/

‘Ferrari in a junkyard’: Mules sold at auction are rare, endangered horses

Two equine rescues, one in Utah and one in Colorado, took in mules earlier this year, saving them from possible slaughter. But they got something else entirely — Przewalski’s horses, scientists say.

https://www.washingtonpost.com/climate-environment/2024/08/09/przewalskis-horses-rescued-dna-shrek-fiona/

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Ferrari N.V. Price History

07.04.2024 - RACE Stock was down 5.7%

• Despite reporting an earnings beat for the first quarter of 2024, Ferrari's stock experienced a bearish movement due to flat vehicle shipments compared to the prior-year period.
• The market may have reacted negatively to Ferrari sticking to its full-year forecasts, possibly indicating concerns about future growth prospects.
• Investors might be disappointed with the lack of significant growth in shipments, leading to a sell-off in the stock despite the positive earnings and revenue figures.
• The overall sentiment around Ferrari's performance in the first quarter seems mixed, with steady financials but challenges in increasing vehicle shipments impacting the stock price negatively.

07.04.2024 - RACE Stock was down 5.0%

• Despite surpassing earnings per share and revenue expectations for Q1 2024, Ferrari's stock faced a downward trend.
• The market response to Ferrari's decision to maintain its full-year projections was negative, indicating a mixed outlook.
• The company's first-quarter profit rose primarily because of increased demand for customizations, yet this positive development was clouded by future apprehensions.
• Ferrari's somber forecast, combined with the market's broader sentiment following recent macro events, likely impacted the stock's decline.

16.03.2024 - RACE Stock was up 0.3%

• Impressive performance in Q1 2024 and the stock market's rally could have boosted investor confidence in RACE, leading to a bullish movement.
• Ferrari's steady progress in its multi-year buyback plan may have signaled strong financial stability and management confidence, attracting more investors to the stock.
• Carlos Sainz's successful performance for Ferrari at the Japanese Grand Prix could have generated positive sentiment around the company, contributing to the bullish market movement of RACE.
• The overall positive market sentiment and investor optimism following the company's strategic initiatives and successful events could have further fueled the bullish momentum of Ferrari's stock today.

01.07.2024 - RACE Stock was down 3.2%

• Strong Q2 results and raised full-year forecasts demonstrate Ferrari's robust performance and growth prospects.
• Increased demand for personalizations and a richer product offer have contributed to Ferrari's positive performance.
• The announcement of Carlos Sainz leaving Ferrari to join Williams may have impacted investor sentiment, leading to the bearish movement in RACE stock.
• Ferrari's ongoing share buyback program could also be a factor influencing the stock movement, as investors assess the company's capital allocation strategies.

14.07.2024 - RACE Stock was up 5.1%

• The bullish movement in Ferrari's stock (RACE) could be attributed to the positive news surrounding CNH Industrial, which has historical ties to Ferrari. The successful M&A deals and strategic moves by CNH's executive, Michele Lombardi, may have boosted investor confidence in related companies like Ferrari.
• The mention of the iconic brand in various contexts can keep it in the spotlight and potentially attract more investors.
• Overall, the combination of positive industry news, successful business strategies by related companies, and the continued brand recognition of Ferrari could have all played a role in the bullish movement of RACE stock today.

15.07.2024 - RACE Stock was up 5.3%

• The news of a Singaporean being charged with disposing of Rolls-Royce and Ferrari cars in a money laundering case may have created some buzz around luxury car brands like Ferrari, potentially increasing investor interest in the company.
• Positive comments on Clorox and Ferrari by Jim Cramer in the Lightning Round segment could have boosted investor confidence in Ferrari's stock, contributing to its bullish movement.
• The mention of Ferrari in an article about CNH Industrial's M&A activities might have indirectly highlighted Ferrari's strong brand presence and value within the automotive industry, influencing investor sentiment positively.
• The auction of rare and endangered horses being compared to "Ferrari in a junkyard" is a quirky reference that, although unrelated to the company's actual performance, could have subconsciously kept the Ferrari brand in the minds of readers and investors, potentially contributing to the bullish market movement.