Everyone has one stock they regret overlooking. For me, I should have invested in Ferrari (NYSE: RACE) last week. That’s because they posted strong Q1 earnings and revised their outlook for the year. This led CNBC to report that Ferrari is now worth more than Ford or General Motors. With a Market Capitalization over $30 Billion, FCA’s idea to make them public seems to have been a brilliant move.
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Despite the factory closing during March, deliveries were up 5% to 2,738 cars. Revenue only dropped by 1%, which doesn’t compare to the hits taken by all other automakers. Looking forward to more SF90 Stradales on the street and the introduction of their Purosangue SUV, things are looking bright in Maranello. Click the button below to find your new Ferrari and stay with us for all your exotic car news.
