Trader Pete Najarian said a possible border tax keeps him away from the sector, along with the pressures of Amazon.com's large share of retail sales.
Meanwhile, trader Guy Adami said the low sentiment in the sector creates a buying opportunity for shares of Nordstrom and Target. He said their lower stock prices now will make for a good profit later as the companies rally going into their earnings reports.
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.
Pete Owns CALLS: AAL, AMJ, AKS, BVN, BZH, C, CCL, CSCO, CHK, CLF COP, CRM, ETP, GE, GDX, GLD, GILD, IBN, INTC, JBLU, HUM, HMY, KORS, KMB, MT, MTW, P, PAA, POT, RIO, SVU, SV, UAL, UNP, WFT, WLL, WY, WLC, GLD, UUP, ZIOP LONG: AAPL, BAC, BLL, DLTR, DIS, EBAY, GILD, GM, HAIN, HD, HUM, IBM, INTC, JWN, K, KMI.A, KO,KORS, LUX, MOS, MSFT, MRK, MRVL, RW, RHT. PUTS: PJC
"Opinions expressed by David Seaburg are solely his own and do not reflect the views and opinions of Cowen Group, Inc. David Seaburg and Cowen have a financial interest in EDIT. Diamond Offshore: an employee of Cowen and Company, LLC serves on the Board of Directors of Diamond Offshore"
Tim Seymour is long ABX, AAPL, APC, AVP, BAC, BBRY, C, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD, MOS, MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, SQ,T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EEM, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM