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Here's Why Luxury Carmaker Ferrari's Stock Is Racing to New Highs

A smart new strategy is propelling Ferrari (RACE) , one of the world's most iconic and legendary automakers, putting new drivers behind the wheel and profits in investors' wallets.

In fact, third-quarter earnings demonstrated how fast Ferrari's business is still growing, with a 1.5% upswing in total shipments and volume growth of 15% in a surprising market: greater China.

As a result of this global expansion, Ferrari had earnings growth of more than 20%, pushing the luxury automaker's stock...