Fast Money Traders Share Their Retail Sector Trades

On CNBC's "Fast Money", Brian Kelly said that TJX Companies Inc TJX should do well, despite the weakness in the retail sector. He thinks it's going to be able to get a lot of merchandise for cheap. He added that the stock held well during the sell off in the retail space.

Kelly also said he is going to sell his position in Wal-Mart Stores Inc WMT because it could trade lower after the earnings report.

See Also: Retail Sales Are A True Tell Sign Of The Economy

Dan Nathan would sell any rally in SPDR S&P Retail (ETF) XRT. He also thinks that Walmart could trade much lower, if it reports a good number and it doesn't trade up.

Pete Najarian thinks that Best Buy Co Inc BBY should do well in the space.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCFast MoneyMediaTrading IdeasBrian KellyDan NathanPete Najarian
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!