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Shopping for Bargains? Try These Stocks: Pros

Wednesday, 21 Nov 2012 | 1:03 PM ET

Heading into Black Friday, these retailer stocks present bargains for investors, the "Fast Money" pros said Wednesday on CNBC.

"I'm shopping at TJ Maxx," Jon Najarian, OptionMonster.com co-founder, said. "I think at $43 is cheap."

He added that he liked it even as it was up 30 percent year to date.

Brian Kelly of Shelter Harbor Capital also liked TJX, saying that on a recent visit, the discount retailer "was jamming."

But his trade was elsewhere.

Which Retail Stocks Are on Sale? Pros Pick
Heading into Black Friday, these retailer stocks present big bargains, the "Fast Money" pros say.

"I still think the best retail out there is Apple," he said.

With the stock down 20 percent from its highs, Kelly said he expected strong holiday sales, especially factoring in the new iPad Mini.

"I think you have to go with Macy's, " said Stephen Weiss of Short Hills Capital.

JCPenney's struggles would primarily benefit Macy's, he added, and at about 11 times forward earnings, Macy's shares were a good value.

"I think this is one you have to own," he said. "You can put it away."

TheStreet CIO Stephanie Link called out Ross Stores stock as inexpensive.

"It's actually much cheaper than TJX, which is rare," she said.

But for upside, Link liked Bed Bath & Beyond .

"We own it for housing and for the holiday, and the stock is down 22 percent from its highs, largely on margin concerns, which I think is really tied to the CostPlus cquisition that I think is a great growth driver for the company over the long-term," she said.

Her other pick: Nike .

"They've done some great things is the last couple of weeks, splitting their stock, raising their dividend," she said. "They're selling a lot of different non-core assets, so that would be the other one that I would focus on."

Trader disclosure: On Nov. 21, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long STX; Jon Najarian is long HPQ; Jon Najarian is long AAPL; Jon Najarian is long GS; Jon Najarian is long JPM; Jon Najarian is long FB; Jon Najarian is long PHM; Jon Najarian is long WMT; Jon Najarian is long TJX; Jon Najarian is long ESV; Jon Najarian is long XHB; Jon Najarian is short puts in GLD; Jon Najarian is short puts in AGQ; Jon Najarian is short puts in SLV; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long STSI; Jon Najarian is long GLUU; Stephanie Link is long AAPL; Stephanie Link is long WFC; Stephanie Link is long SBUX; Stephanie Link is long WY; Brian Kelly is long QQQ; Brian Kelly is long XLK; Brian Kelly is long BOIL; Brian Kelly is long NAT GAS; Brian Kelly is long JJG; Brian Kelly is long GLD; Brian Kelly is long SLV.

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