Fiat Chrysler (FCAU) Stock Higher Today – Buy Shares To Get Ferrari
Ferrari stock will be a boon to investors because of its growth potential, as it is expected to ship 8,600 units by 2018, up from 6,900 this year, Jonas said, adding that untapped growth potential combined with a lack of cyclical issues support a higher level of valuation.
Additionally, there is a "gold mine of opportunities and a lot of potential to capitalize on both the Ferrari name and Formula 1 brand," Jonas added.
Fiat Chrysler, the Italian-American automobile maker that owns Jeep, Dodge, Alfa Romeo and Maserati, plans to separate Ferrari via an initial public offering in 2015 to unlock $1 billion in funds for Chief Executive Sergio Marchionne to work with, according to MarketWatch. The Street