NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Motor racing-Ricciardo's stock continues to rise after Monaco victory

Published 28/05/2018, 08:43 pm
© Reuters.  Motor racing-Ricciardo's stock continues to rise after Monaco victory
RENA
-
RACE
-

By Alan Baldwin

MONACO, May 28 (Reuters) - Daniel Ricciardo's stock has never been higher after a dominant Monaco Grand Prix weekend that saw him stand on the podium above two world champions whose 2019 team mates have yet to be confirmed.

The Australian is out of contract with Red Bull at the end of the season and champions Mercedes or Ferrari (NYSE:RACE), the top two teams, are obvious possible alternatives.

Ferrari's Sebastian Vettel was second in Monaco with championship leader Lewis Hamilton third for Mercedes but Ricciardo led every single practice and qualifying session and throughout the race.

Red Bull also want the 28-year-old to stay, but will be expected to pay a lot more than at present given Ricciardo's success.

"You could say the day's maybe made Daniel more expensive, it's put his value up," Red Bull principal Christian Horner told reporters.

"Or you could say it's put the team in a stronger position in terms of its value and potential to him."

Ricciardo has won two races this year, the same number as Vettel and Hamilton, and is third overall -- albeit 38 points behind Britain's Hamilton.

The Australian would be a lot closer had he not retired early on with an electrical problem in Bahrain and been in a collision with team mate Max Verstappen in Azerbaijan.

Verstappen, 20, is on a lucrative long-term contract but has had a season full of mistakes and crashes.

Horner hoped a new deal with Ricciardo could be reached "in the next couple of months" but recognised much would depend on what engine Red Bull had next season.

The former champions use Renault (PA:RENA) power units but have been linked to Honda, now with Red Bull-owned Toro Rosso.

Honda's engines have improved considerably after three dismal years with McLaren, and France's Pierre Gasly finished seventh for Toro Rosso on Sunday.

Mercedes say they are not looking beyond their immediate "family" at present, with Finland's Valtteri Bottas performing well as Hamilton's team mate, and Ferrari could retain veteran Kimi Raikkonen.

While Ricciardo would be popular, as a driver of Italian extraction with a reputation for thrilling overtakes, Ferrari also see Sauber's 20-year-old Charles Leclerc as a longer-term option.

Whatever the reality, Ricciardo is putting himself front, side and centre in the shop window, knowing that any interest adds to his bargaining power.

"We'll see what the others think. I can't pay myself but for sure I feel I've done a really good job in the first six races," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.