Don’t listen to the retail bears. Some of the best consumer names are trading at such cheap valuations that it would be foolish not to take a look.
Karen Finerman sees some “tremendous buys” in the retail space including DSW and Macy’s . Both those stocks have been beaten up so badly that it’s hard not to be intrigued by their current values, she said.
Thomas Stemberg, the co-founder of Staples and managing general partner of the Highland Consumer Fund, said he sees major opportunities in retail as well. He singled out Petsmart , Staples , Best Buy and Bed Bath & Beyond as stocks he would consider buying.