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Thinking of trading FERRARI?

    1. The success of its different cars makes of this stock one you should include in your portfolio. The demand for the Portofino, a V8-powered convertible introduced in 2018, has been exceptionally high. Ferrari said that strong demand for the Portofino drove a 30.8% increase in sales of 8-cylinder models. Meanwhile, sales of 12-cylinder cars, led by the still-newish-but-somewhat-older 812 Superfast, rose 4.1% in the quarter, and Ferrari hadn't yet begun deliveries of its latest limited-edition models, the Monza SP1 and SP2. 2. Current prices dictate that Ferrari is valued at about 28 times earnings, that's a lot more than it's immediate competition on the stock market. Other big car makers are often hovering around 10 times earnings when the economy is strong.
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Ferrari, the prancing horse, was founded by Enzo Ferrari in 1939 in Modena, the Italian Stallion was recognized as a company only 8 years later when the first car was born, in 1947. It trades in the Italian Stock Exchange BIT with the ticker RACE and the NYSE with the same ticker. It is also a component of the FTSE MIB, the Italian index.The company has since been wildly successful with their unique sports cars, and continues to innovate in the car industry. In 2014 Ferrari was rated the world's most powerful brand by Brand Finance.[3] In June 2018, the 1964 250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million.Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it is the oldest and most successful racing team, holding the most constructors championships (16) and having produced the highest number of drivers' championship wins. Ferrari cars are generally seen as a symbol of speed, luxury and wealth.

1. Deliveries in China, Taiwan, and Hong Kong jumped a combined 79%, to 328, as Ferrari pushed to fill open orders in China ahead of new emissions regulations. Investors should note that this may have the effect of "pulling ahead" demand, meaning that deliveries may slump a bit in the next couple of quarters. 2. Ferrari shipped more cars, but its profitability slipped slightly as its adjusted EBIT margin fell slightly.

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