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The Biggest Reason to Avoid Ferrari Stock After Earnings
Ferrari NV (NYSE: RACE) reported mixed Q4 results and uninspiring guidance Tuesday, sending Ferrari stock sinking more than 15% to an all-time low of $34.03. At today's low, the Ferrari stock price is now down more than 44% from its all-time high.
But there's a bigger reason Money Morning experts recommend avoiding Ferrari stock in 2016, aside from today's earnings report.
Ferrari NV (NYSE: RACE) reported mixed Q4 results and uninspiring guidance Tuesday, sending Ferrari stock sinking more than 15% to an all-time low of $34.03. At today's low, the Ferrari stock price is now down more than 44% from its all-time high.
But there's a bigger reason Money Morning experts recommend avoiding Ferrari stock in 2016, aside from today's earnings report.