Wal-Mart's strong resultsput retail stocks in the spotlight, and JPMorgan's Charles Grom and David Abella of Rochdale Investment Management have some retail recommendations for investors.
"Although retail stocks are a leading indicator and should uptick before the economy starts to uptick, I think in general there's probably some more downturn in retail," Abella warned. "But Wal-Mart is a good name; it's a very defensive name, both in the market as a whole and for people who are invested in retailers."