Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Sebastian Vettel may walk away from Ferrari having never delivered the Formula One title the proud Italian team so desperately wants. The 32-year-old German driver joined Ferrari in 2015 to replace Fernando Alonso, but was unable to add to his world titles at Red Bull from 2010-13. Now that is within reach of world champion Lewis Hamilton, who has six.

Ferrari, which is based in the Emilia Romagna region that is one of the hardest-hit by the coronavirus in Italy, lowered its guidance for net revenues to between 3.4 billion euros and 3.6 billion euros from 4.1 billion euros previously. CEO Louis Camilleri said the lowered guidance assumes that 75% to 100% of the lost earnings will be booked during the second quarter. Branding revenues also are forecast to suffer with fewer visitors to Ferrari’s museum, amusement parks and shops.

Ferrari (NYSE: RACE) reported solid first-quarter earnings despite the impact of the coronavirus outbreak, but warned that the current quarter is shaping up to be a difficult one, and it cut its profit forecast for the full year. Ferrari's first-quarter operating profit of 220 million euros ($241.4 million) was down 5% from a year ago, as an increase in deliveries failed to offset the loss of much of the income generated by its Formula 1 racing team after races were canceled. Ferrari reports its financial results in euros.

Ferrari beat earnings views but cut guidance for the year, warning the coronavirus hit will be felt most in Q2.

Maranello, 20 May, 2020 - Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject.

RACE earnings call for the period ending March 31, 2020.

Ferrari spoke of plans to add a V6 to its lineup two years ago, without dropping its two other trademark motors. Instagram user simonemasetti_photography, a regular around Ferrari's Fiorano test track in Maranello, captured the vids, while Instagrammer cochespias uploaded them.

Motor racing great Mario Andretti would love to see Italian carmaker Ferrari join the North American Indycar series as a chassis and engine supplier. “Having Ferrari would be incredible,” Andretti told the Italian sports newspaper.

The Dow Jones Industrial Average reversed slightly higher to close in the black, even as President Trump continued claims the coronavirus escaped from a lab in China.

Ferrari N.V. (NYSE/MTA: RACE) announces the settlement of the offering, previously announced, of Euro 650 million in aggregate principal amount of 1.500% notes due in May 2025, with an issue price of 98.898% (the “Notes”). The net proceeds of the offering were approximately Euro 641 million after payment of offering and related expenses. The Notes have been admitted to the Official List of Euronext Dublin and to trading on the regulated market of Euronext Dublin.

Yahoo Finance's Rick Newman joins Jen Rogers and Andy Serwer to discuss the possibility of a bailout for the auto industry amid the coronavirus pandemic.

There is one automotive company that will emerge unscathed from the Covid-19 mess. It might be hard to guess which one.

Carlos Sainz Jr. will drive for Formula One team Ferrari next season and Daniel Ricciardo will replace the Spaniard at McLaren. The 25-year-old Sainz Jr. will join Ferrari on a two-year deal starting next year, the Italian team said in a statement Thursday, shortly after McLaren announced Ricciardo’s arrival from Renault. “I am very happy that I will be driving for Ferrari in 2021 and I’m excited about my future with the team,” Sainz Jr. said.

In the current market session, Ferrari Inc. (NYSE: RACE) is trading at $159.27, after a 0.7% drop. However, over the past month, the stock spiked by 2.12%, and in the past year, by 12.86%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently trading below from its 52 week high by 11.98%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of 6.86 in the auto manufacturers industry, Ferrari has a higher P/E ratio of 40.46. Shareholders might be inclined to think that Ferrari might perform better than its industry group. It's also possible that the stock is overvalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * 15 Consumer Cyclical Stocks Moving In Tuesday's Pre-Market Session * Ferrari: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Q1 2020 Ferrari NV Earnings Call

Companies in the news are: STWD, WEC, RACE, WLK

Of course, as in so many things automotive, Ferrari (NYSE: RACE) has been an exception. Or to put the question another way, is Ferrari's valuation justified? Many things have changed about Ferrari since its founding in 1947, but one thing hasn't: Its race-bred cars are still for the moneyed few.

Maranello (Italy), 20 May 2020 – Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”) today announces the pricing of a Euro 650 million issue of notes due in May 2025 (the “Notes”),.

The $357 million YCG Enhanced fund looks for companies with enduring pricing power in growing industries. The strategy has paid off.