Formula One Group: Ready To Overtake The Competition

Chad Shoop profile picture
Chad Shoop
822 Followers

Summary

  • Netflix series has propelled the sports popularity into 2022.
  • Record attendance through the first half of the year.
  • Earnings are expected to swing to a profit in 2022.
  • Price chart depicts more room to run higher.

Streaming video of pitstop performed by the Ferrari F1 team

mikkelwilliam

They are going to write a book about the moves Formula One Group (NASDAQ:FWONK) has made over the past few years.

This wasn't a mainstream sport.

The company has really struggled to gain success in the United States.

Until

Formula One revenues and earnings 2018 to 2023

Yahoo Finance

Formula One stock chart from 2021 to 2022

Optuma

This article was written by

Chad Shoop profile picture
822 Followers
Chad Shoop earned the distinction of Chartered Market Technician (CMT) in 2016. He designed three premium investment services specializing in options trading. For the past decade, Chad has been a featured presenter at Banyan Hill’s annual Total Wealth Symposium. He uses these presentations to guide readers to income opportunities and to acquaint them with his investment services, and he advises on investment panels as well. Chad applies his expertise in technical analysis to all aspects of the stock market to find profitable investment opportunities and to make reliable market predictions. Chad received two bachelor's degrees, with a focus in economics and finance, from the University of North Carolina at Greensboro. "Helping people profit from the stock market has been a humbling experience so far. My extensive research, back testing, and beta testing have allowed me to teach others how to grow their wealth and become financial experts in their own right. I’m glad that I’m able to help my readers grab the reins of their financial futures.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FWONK over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Recommended For You

Comments (8)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.