New Ferrari model coming up

According to Bloomberg, Ferrari is about to launch a new limited-edition model during their quarterly earnings announcement which will be held tomorrow in Modena.

The so called ‘ICON’ project is being pushed by the new CEO Louis Camilleri who is forecasting that by 2022 the firm double’s its profits.

The new project focuses on launching new supercar models in limited edition.

It is a delicate moment for Ferrari after suffering the unexpected loss of Sergio Marchionne earlier during Summer.

During the past few months, the share price has lost a bit of power and at the moment is around 10% lower than the previous highs.

As can be seen on the chart, the trend seems to be on the upside and thus it might be a very good opportunity to go long.

 

 

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Article written by Luca Discacciati

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