Pending Home Sales surprise!  Eurozone Retail Sales slump!  Tax cuts don’t create jobs…  Failure to follow through for the A$ And Now… Today’s Pfennig!

The dollar bounces!  ISM was simply awful!  Oil rallies…  Jobs Jamboree this Friday… And Now… Today’s Pfennig!

The casino industry has been one of the worst hit by the global downturn. But Jim Stanton says last week’s impressive rally could signal a bottom for sector “stalwarts” like LVS, WYNN and MGM . And mutual fund GACFX is a great way to spread risk on gaming sector investments.

US retailer Target Corp. (NYSE:TGT) is considering offloading $20 billion in real estate holdings. This will enable the company to focus on its core strategic operations, says Andrew Snyder. And that makes it easier for investors to analyse the business. Andrew expects Target’s stock to jump if this sale is given the go ahead.

Last week, we published an article by Laura Cadden that anticipated a double-digit spike in shares of Sun Healthcare Group Inc. (NASDAQ:SUNH). The stock has since risen sharply, as positive earnings results combined with a broad market rally. Laura says it’s now time to take those profits off the table.

This week’s rally is one of the strongest in decades. Justice Litle says there are several indicators pointing to a “tradable bottom” in the market. That means a great chance for short-term profits, even if there are more sell-offs down the road.

We are not going to see the world’s best businesses this cheap for a long time, says Dan Denning. He says it’s not hard to imagine another round of global rate cuts and a massive stimulus package in the US. And then there is the ‘Obama effect’. In other words, if you don’t want to own these equities now, why bother being in the market at all?

Shares for Under Armour (NYSE:UA) jumped 26% yesterday. The retail company’s third quarter results exceeded expectations on the same day as the market posted a major rally. But Andrew Snyder says this is down to marketing hype.

Barely one week from the US presidential election, Barack Obama is clear favourite to win the White House. Rick Pendergraft says the stock market will get a post-election lift, regardless of the victor. The end of election uncertainty, combined with oversold markets and over-the-top negative sentiment, should spark a late-year rally.