Steve Grasso spoke on CNBC's Fast Money about the retail sector and he concluded it might be the right time to start buying. He likes the sector because he sees more traffic in stores after a pretty slow holiday season and he thinks that the border tax isn't going to be implemented soon. He would buy SPDR S&P Retail (ETF)XRT.
Tim Seymour is a buyer of Macy's Inc M. He explained that the sentiment for the stock is very bad at the moment, but he wants to take a contrarian approach because historically the best time to buy the retail space is when the sentiment is bad. He added that Macy's pays a 5 percent dividend and it trades at 11 times earnings.
Guy Adami likes Nordstrom, Inc. JWN. Adami thinks the stock has dropped to the price level where it looks interesting. He added that Credit Suisse upgraded the stock with $52 price target.
David Seaburg also thinks Nordstrom is a buy.
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