VIDEO It’s easy for me to get revved up for today’s Bull of the Day as it makes dream machines. I’m a car guy and there’s something about that prancing horse that does it for me every time. Of course I’m talking about Zacks Rank #1 (Strong Buy) Ferrari ( RACE - Free Report) . I don’t know if being bullish on a stock can land me a great deal on a 488 but I’m going to give it my best shot. So if anybody is listening out there in Maranello, “What about Dave?” Ferrari is the most fabled exotic car manufacturer in the world. They have a rich racing history and create some of the most breathtaking automobiles known to man. I could probably go on for six or seven pages about the Ferrari heritage, its legendary founder and its championship pedigree but what’s important here is the winning team that’s running the company right now. Last year was a record year for Ferrari. Total shipments reached 8,014 units, net revenues grew 8.8% to 3.1 billion euros. Adjusted EBITDA came in at 880 million euros with margins at 28.3% and new profit was up 37.1% to 425 million euros. These great numbers led analysts to revise their earnings estimates to the upside, giving us the favorable Zacks Rank. Two analysts have increased their earnings estimate for the current year while one has jacked up their estimate for next year. The bullish shift in EPS has pushed our Zacks Consensus Estimate from $2.32 to $2.61 for the current year and increased next year’s number from $2.49 to $2.89. These moves have not been lost on investors, who have bid the stock up considerably from its original IPO price. After floundering a bit into the spring of 2016, RACE caught a bid in July with shares near $40. That bid has been relentless, taking the stock to over $66 today. Along the way, the 50-day moving average has provided support on the downside, being tested once in September then again in early November. The stock hit a new 52-week high intraday Thursday February 16, 2017. With margins improving and several special models due out this year, it could be another banner year for Ferrari. Now, which stocks should you sell
As a Zacks Rank #1 Strong Buy, this Bull of the Day deserves consideration. But today there are 220 Zacks Rank #5 Strong Sells that demand even more urgent attention. If any of these are lurking in your portfolio, they should be removed immediately. Since 1988, such stocks have actually performed more than 11X worse than the S&P 500. See all Zacks Strong Sells and Strong Buys absolutely free >>.