Ferrari (RACE) Replaces Tesla (TSLA) As Top Auto Pick

Ferrari (RACE) is now Morgan Stanley's top pick in U.S. autos, replacing Tesla (TSLA). Alex Coffey and Jenny Horne discuss RACE as Morgan Stanley keeps its overweight rating on the stock. They talk about how RACE could have long-term opportunities linked to electric vehicles. Morgan Stanley also notes that the stock is not cheap, but that is the price for security. RACE also hit a new 52-week high today, March 6th. Alex then demonstrates an example trade using RACE. The trade type is a buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.