Don’t Buy These ‘Black Thursday’ Retailers: Pros

A few retailers such as Target and Toys 'R Us announced they would open for business a day earlier than the traditional Black Friday shopping season, but does that make their shares a "buy"?

No, said OptionMonster.com's Pete Najarian.

"I think these guys all try to get in the wheelhouse with the guys who actually perfect this whole thing in the discount world, and that's TJX and Ross Stores and some of the other competitors in the space. They're all trying to get into what they already own, and I think it's a mistake. Do not buy these stocks based upon this early entry," he said on CNBC's "Fast Money."

Joe Terronavo of Virtus Investment Partners looked elsewhere for retail stocks.

(Read More: Black Thursday? Stores Encroach Deeper Into Thanksgiving)

"I wouldn't ignore some of the specialty names," he said, adding that he liked Urban Outfitters and Gap on the recovery of its Old Navy brand.

Limited Brands, parent company of such companies as Victoria's Secret and Bath & Body Works, was another strong name. "Can't go wrong there," he added.

Jon Najarian of OptionMonster.com suggested going in another direction.

"I would still look at the ones that of course are where people have to go in and shop, and that's durables. That's at Home Depot and Lowe's. I wouldn't go into Saks, " he said.

Najarian said he was optimistic for retail names like Macy's, except on the East Coast, which was still recovering from the effects of Superstorm Sandy.

"I worry that most of those dollars will be spent in Home Depot and Lowe's," he said. "It would be great for those retailers, but it could be a little bit like a lump of coal in the stocking for the kids."

Trader disclosure: On Nov. 12, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long SBUX; Joe Terranova is long SWN; Joe Terranova is long VZ; Joe Terranova is long XOM; Joe Terranova is long CVX; Joe Terranova is long GS; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Pete Najarian is long AAPL; Pete Najarian is long INTC CALLS; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long DIS; Pete Najarian is long LLY; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long FB CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long WMT CALL SPREADS; Jon Najarian is long SPY CALL SPREADS; Jon Najarian is long NFLX CALL SPREADS; Jon Najarian is long CBOE; Jon Najarian is long CME; Jon Najarian is long STSI; Jon Najarian is long GLUU; Jon Najarian is short puts in AGQ; Jon Najarian is short puts in GLD; Jon Najarian is short puts in SLV.

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