Value Buys In Retail

If you follow retail (or just like to shop) the week ahead is a big one. Expect to hear from a slew of stores.

To begin with, luxury department store Nordstrom announces quarterly earnings Monday after the bell. For the most part, all the upscale department stores have seen sales drop precipitously since the financial meltdown with even the most affluent customers demanding discounts.

Then on Tuesday, Home Depot, Target and Macy’s all report before the open -- providing new insights into the entire spectrum of shoppers from upper class to working class.

With a ton of retail information about to flood the Street, is there a blue light special out there for your portfolio?

Karen Finerman

In the space I own a little Target and a little Foot Locker, explains the Chairwoman. But whenever you play the space always take a look at the balance sheet of the company you're buying. It’s important they have a lot of cash on the books.

Tim Seymour

I still love Sohu and Baidu as a means to get exposure to consumers in China, says the Ambassador.

Joe Terranova

I like The Buckle and Green Mountain Coffee , counsels the Liquidator.

Guy Adami

Home Depot, exclaims the Negotiator. On a valuation basis it looks attractive.

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Trader disclosure: On Feb. 20th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (EEM), (FXI), (PBR); Seymour's Firm Owns (VIP); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Terranova Owns (KCE), (XBI), (AMGN), (FXC), (DIS); Terranova Owns Nymex MACI; Terranova Owns (IBM) Calls; Terranova Owns (AMGN) Puts; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (BAC), (BBT); Finerman's Firm Owns (RIG), (MSFT), (FL); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (DNA) & (DNA) Call Spreads; Finerman's Firm Owns (WFC) Preferred