“The market went up on fumes this week”

‘The market went up on fumes this week.’

Philip S. Dow, managing director of equity strategy at RBC Dain Rauscher

Cerner Corp. closed out a holiday-shortened week with another record high Thursday despite its shares being downgraded by a research firm.

The North Kansas City-based health-care information software company’s shares reached a record at $57.38, topping Wednesday’s high of $56.77. Cerner closed at $56.82, up 52 cents.

Cerner extended a run of record highs after Jefferies & Co. downgraded shares from ‘buy’ to ‘hold’ while maintaining a target price of $56. Read more

Original post by Kansas City Star