Retail Earnings to Watch This Week: Pros

At the start of a week of quarterly earnings reports from major retailers, a few stocks stand out, the CNBC "Fast Money" traders said Monday.

"TJX has been the name over the last year that I've traded," Joe Terranova of Virtus Investment Partners said.

Terranova added that TJX was one of the retailers that should pick up gains from JC Penney's strategic blunders, especially as shares have appeared slow from technical and fundamental aspects.

"It's a name that, if it reports solid earnings and gives me good guidance, I'll buy it," he said.

OptionMonster's Jon Najarian said that Lowe's might have run out of steam, being a six-month play following the devastation wrought by Superstorm Sandy.

"I think they take a rest," he added.

Najarian also had a positive view of clothier Ralph Lauren.

"I think they're doing almost everything right," he said. "They don't stick with losers."

As for the JC Penney trade, Najarian said he was expecting business at Target and Saks to pick up.

"Continue with the themes that are working," Simon Baker of Baker Avenue Asset Management said.

Slowing earnings for Lowe's supported a thesis for shorting the stock going into earnings and buying competitor Home Depot, he added.

TheStreet CIO Stephanie Link said that she had sold off shares of the home-improvement giant.

"We took the money from HD and put it into Stanley Black & Decker," she added.

Costco, which has underperformed, was also worth a look.

"It's a laggard," she said.

Trader disclosure: On May 20, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Simon Baker is long AAPL; Simon Baker is long C; Simon Baker is long GS; Simon Baker is long JPM; Simon Baker is long CSCO; Simon Baker is long YHOO; Simon Baker is long GOOG; Simon Baker is long EBAY; Simon Baker is long PCLN; Simon Baker is long JCP; Jon Najarian is long JPM; Jon Najarian is long ZNGA; Jon Najarian is long HLF; Jon Najarian is long DAL; Jon Najarian is long LCC; Jon Najarian is long XLF; Jon Najarian is long JCP; Jon Najarian is long NTAP; Jon Najarian is long OC; Jon Najarian is long TMO; Jon Najarian is long GTAT; Jon Najarian is long EMC; Jon Najarian is long COP; Jon Najarian is long GRPN; Joe Terranova is long VRTS; Joe Terranova is long SJM; Joe Terranova is long SPLK; Joe Terranova is long LNKD; Joe Terranova is long TBT; Joe Terranova is long SWN; Joe Terranova is long JULY CRUDE OIL FUTURES; Stephanie Link is long AAPL; Stephanie Link is long GS; Stephanie Link is long JPM; Stephanie Link is long WFC; Stephanie Link is long CSCO; Stephanie Link is long FB; Stephanie Link is long EBAY; Stephanie Link is long TJX; Stephanie Link is long HD; Stephanie Link is long SWK.