Finerman likes Best Buy (BBY)

On CNBC’s Fast Money, Karen Finerman recommended that investors get long retail stocks. Finerman specifically likes Best Buy (BBY). She bought shares of Best Buy today because the stock looks cheap. Shares of Best Buy are trading at just 10 times earnings. She thinks that retail stocks are priced too cheaply and can beat analyst pessimistic projections.

Gary Kaminsky took the opposite view suggesting that investors short retailers and thinks that the pain is just beginning in the retail sector. Kaminsky argued that stocks like Charles Schwab show that the consumer is still weak and expects retail stocks to plummet.