(Read More: Taper Freak-Out Is Unwarranted: Pro)
One consumer play to avoid, however, was Target, he added.
"One of the things you see is in anything consumer related is: You're either the best at something, you're the cheapest or you're the best service," Lick said. "And you're seeing retailers get stuck in the middle.
"If you think about what Target is, they're a consumer-electronics store, they're an apparel store, they're a grocery story. They're not really the best at any of those, and they're stuck in the middle."
(Read More: Did Market Call 'Shenanigans' on Taper?)
Trader disclosure: On June 17, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Grasso is funds long AAPL; Steve Grasso is funds long MU; Steve Grasso is long BA; Steve Grasso is long BAC; Steve Grasso is long GDX; Steve Grasso is long MHY; Steve Grasso is long LNG; Steve Grasso is long MJNA; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long QCOM; Steve Grasso is long S; Steve Grasso is long ASTM; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long AGU; Guy Adami is long NUE; Guy Adami is long BTU; Guy Adami's wife, Linda Snow, works at Merck; Josh Brown is long AAPL; Josh Brown is long C; Josh Brown is long TLT; Josh Brown is long XLF; Pete Najarian is long AAPL; Pete Najarian is long BAC; Pete Najarian is long INTC; Pete Najarian is long BBRY; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long YHOO; Pete Najarian is long GE.