The "Fast Money" traders looked for opportunities in retail after a number of stocks in the sector declined on Wednesday.
Target shares shed nearly 6 percent Wednesday as foot traffic at the company's stores lagged, despite a marketing push and spike in digital sales. Dollar Tree declined nearly 3 percent, while Macy's fell about 1.5 percent.
Trader Karen Finerman said she thinks the decline in retail was overdone. She also said that Target's decline seemed rather large considering the size of the miss. Finerman said she'd be interested in buying the stock near current levels, but would wait for things to shake out.
Trader Brian Kelly said he believes that Wal-Mart is the "most at risk" of retail companies. He explained that the company would be exposed to higher prices if a border tax is implemented and/or wages increase.
Trader David Seaburg said investors should instead look at companies with a "differentiated brand." He said he would be interested in buying Burlington Stores, Adidas and Dick's Sporting Goods on a pullback.