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Time to Pick And Choose Retail Stocks

Dan Genter, president and chief investment officer at RNC Capital Management, told CNBC’s “Squawk on the Street” that investors should consider shares of retailers that sell home electronics and cater to younger consumers.

“There’s a lot of weakness in this market, and there’s a tremendous amount of paranoia that’s been building in the last several months that the consumer is going to fall off a cliff,” Genter said. “Every time we have a spike in gasoline prices, we see some downward pressure on consumers.”

He said last winter’s bad weather depressed sales because it kept shoppers at home. But sales of consumer electronics at Wal-Mart remain strong.

Sales of flat panel TVs spiked during Christmas, and consumers will continue to upgrade their home entertainment systems. He suggested investors might want to consider stores pegged to young buyers, such as Kohl's and Best Buy.

“It’s a good time to buy on some weakness,” Genter said.

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    Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

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    Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

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    Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.