Home / Street Sector / Prime Gamechangers Stocks For The Day: Ford Motor Co. (NYSE:F), Encana (NYSE:ECA), CytRx Corporation (NASDAQ:CYTR)

Prime Gamechangers Stocks For The Day: Ford Motor Co. (NYSE:F), Encana (NYSE:ECA), CytRx Corporation (NASDAQ:CYTR)

Shares of Ford Motor Co. (NYSE:F) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 0.50% to close at $12.06. Ford (F) Employees on Pace to Set Record for Inventions in 2016 . When Doug Martin read about a billboard in Lima, Peru, that turned humidity into drinking water for the local population, an innovative idea struck: What if cars could be a source of water? Condensation from vehicle air conditioners, which usually just drips to the pavement below, could be used in much the same way. Martin worked with colleague John Rollinger to bring the idea to life, creating a prototype system that collects, filters and pumps the condensation directly to a faucet located inside the car. Martin and Rollinger’s innovation is one of a growing number of inventions created by Ford employees in recent years. The raise in innovation – as measured by invention disclosures is anticipated to reach a firm record in 2016, topping previous year’s record of over 6,000. Moving forward to saw long-term intention, the experts calculate Return on Investment of 3.00%. The stock is going forward its fifty-two week low with 11.86% and lagging behind from its 52-week high price with -18.74%. F last month stock price volatility remained 1.72%.

Encana Corporation (NYSE:ECA) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 1.21% to 9.22 with about 4.27 Million shares have changed hands in this session. Encana Corp. (ECA) released that pricing of its public offering of ordinary shares of Encana. Encana agreed to sell 107 million Shares at a public offering price of US$9.35 per Share for gross proceeds to Encana of US$1.00 billion. In connection with the Offering, Encana has granted the underwriters, led by Credit Suisse Securities (Canada), Inc. and J.P. Morgan, a 30-day over-allotment option to purchase up to 16.05 million additional Shares.

Encana noted that it intends to use about half of the net proceeds attained from the sale of the Shares to fund a portion of its 2017 capital program. The remaining proceeds will be used to enhance Encana’s balance sheet flexibility by repaying indebtedness under its credit facilities. The majority of the 2017 capital program is predictable to be allocated to growing Encana’s Permian production through increasing the number of rigs in the play, which is predictable to result in about two times as many Permian wells on stream in 2017 as compared to 2016. The allocation of proceeds may vary depending upon numerous factors, comprising changes in commodity prices and surged capital efficiency. The stock is going forward its fifty-two week low with 209.23% and lagging behind from its 52-week high price with -14.11%.

Same, the positive performance for the quarter recorded as 8.35% and for the year was 29.05%, while the YTD performance remained at 80.08%. ECA has Average True Range for 14 days of 0.45.

CytRx Corporation (NASDAQ:CYTR) [Trend Analysis] retains strong position in active trade, as shares scoring -2.95% to $0.57 in a active trade session, while looking at the shares volume, about 151594 shares have changed hands in this session. The firm has institutional ownership of 19.70%, while insider ownership included 14.55%. CYTR attains analyst recommendation of 2.00 with week’s performance of 3.51%. Investors looking additional ahead will note that the Price to next year’s EPS is 71.80%.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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