Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Economic bellweather Industry analysts anticipate that the pace of U.S. auto sales increased in April. J.D. Power and LMC Automotive forecasts call for April sales to be up from a year ago at a seasonally adjusted annual pace of 17.6 million units. That would be up from 16.7 million a year earlier and faster than the 17 million pace forecast last month. Stronger job growth and consumer confidence have helped fuel U.S. car sales. Automakers report their April sales today.

Prescription for growth The worlds second-biggest drugmaker delivers its first-quarter results today. Financial analysts project that Pfizers earnings and revenue increased in the first three quarters of this year versus the same period last year. Pfizer has benefited from rising sales of its newer medicines, including its nascent portfolio of cancer drugs, as well as the addition of injectable medicines made by Hospira, which Pfizer acquired last September. Mixed results? Wall Street predicts that Hyatt Hotels latest quarterly results will be mixed. The hotel operator, due to report first-quarter results today, is expected to show profit rose in the January-March quarter, even as revenue declined slightly. Last year Hyatt Hotels profit and revenue both fell. Beyond earnings, investors will be listening for an update on how bookings at Hyatt hotels are faring.

Beware stop orders Many ordinary investors dont understand how so- called stop orders work in stock trading, experts say. Stop orders, or stop-loss orders, call for buying or selling a stock when its price reaches a specified level, the stop price. At that point, a stop order becomes a market order buying or selling at the best available price, usually immediately. Stop orders carry risks. Regulators are wrestling with the issue. The stop price isnt the guaranteed transaction price. Its a trigger that turns the stop order into a market order. In fast-moving markets with prices whipping around, your transaction price may be far from your intended stop price. An unexpected price can be avoided by using another type of order, a stop-limit. But the limit price may prevent the trade from happening. …

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