Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Monday, October 21st and I'm your host, Kim Khan. Our top story so

far.

How do you go from this tranquility to that violence? That's for our Miami Vice fans because Ferrari showed off its first supercar in more than a decade last week. The new F80 model features a twin

turbocharged 3 liter V6 with numerous electric motors that give it a

1,184 horsepower engine. The F80 accelerates the 62 miles per hour in just 2.15 seconds and goes from 0 to

124 in 5.75 seconds. The F80, which incorporates features from endurance motor competitions and Formula One, has a top speed of

218 miles per hour.

Hoping to snag one, the order book for the F80 is already full, even though the model is not expected to be on the streets until 2026.

Chief Marketing Commercial Officer Enrico Galierra says,

it's a car we hope that would make history in the coming years.

Ferrari will only produce 799 of the special edition models

at a 3.9 million dollar base price.

While the revenue upside may be capped in the near term until future variants are released,

Ferrari has a history of using its supercars to elevate the brand on a global scale.

Ferrari is the top performing major auto stock in 2024, up more than 40%.

It will release earnings on November 5th and has top both revenue and EPS estimates in four straight quarters.

Be sure to check out a photo of the F80 in our story. On the macro front,

Treasury yields continue to march higher even though leading indicators fell short of

expectations and China cut rates. The 10 years approaching 4.2% a level not seen since July.

The conference board's September leading indicators index dipped 0.5% month on month to 99, steeper than the 0.5% month-on-month to 99,

steeper than the 0.3% drop expected.

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