All Quiet on the Wall Street Front

The stock market is pretty quiet this week. The Dow has come close to 20,000, but so far has refused to cross the line.

This morning we learned that jobless claims dropped to 265,000. That’s a good number. The next jobs report will be next Friday, January 6.

This morning, the government said that the trade deficit for goods widened to $65.3 billion last month. Bear in mind that the dollar has been rallying since the election.

I wanted to pass along a “Year in Review” look at Cerner (CERN) by the Kansas City Business Journal. This has been a very difficult year for Cerner, and the stock is down 20% YTD.

Still, I decided to keep the stock on the Buy List for next year. Oftentimes with stock-picking, you’re buying dented merchandise. The question to ask is, how severe and how fixable are the problems? I think Cerner is a good example of a company that ran into difficulties but is in a position to ride out the storm.

Posted by on December 29th, 2016 at 10:53 am

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