NEW YORK (TheStreet) -- The S&P 500 closed slightly lower on Thursday, a day after its record close.
On CNBC's "Fast Money" TV show, the trading panel discussed their retailer stock selections.
Guy Adami, managing director of stockmonster.com, said high-end retail such as Tiffany & Company (TIF - Get Report) and Michael Kors (KORS) are good picks. Payment processing giants Visa (V - Get Report) and MasterCard (MA - Get Report) should benefit from holiday shopping, too.
Karen Finerman, president of Metropolitan Capital Advisors, said KORS is a great company with solid growth but is unlikely to maintain its high valuation.
Seymour added KORS has a lot of future growth in Asia.
When choosing between Wal-Mart (WMT - Get Report) and Macy's (M - Get Report), Finerman chose Macy's. She said it has a solid mix of high-class and middle-class consumers as well as terrific management.
Adami said M seems likely to trade up to $55 and Seymour called it the cheapest major retailer in the S&P 500 in terms of valuation.
Gerald Storch, CEO of Storch Advisors, was a guest on the show. He said the U.S. needs more secure credit cards following the hacking incident at Target (TGT - Get Report). More broadly, he said foot traffic is lower this year in retail despite fewer days for the holiday season. He concluded that Internet sales have been absorbing a lot of the sales and that continues to increase.
Finerman likes the mall owners and real estate investment trusts but because of interest rate risks she would not own them at current levels.
Seymour said gold seems likely to trade down to $1,100 per ounce, and pointed out that around $925 was where gold traded before the Federal Reserve began its quantitative easing process.
Adami added that falling gold prices puts the miners in a tough spot. He suggested investors could possibly buy gold when mining companies start to hedge.
Farooq Kathwari, CEO and president of Ethan Allen Interiors (ETH - Get Report), was a guest on the show. He said rising interest rates were a slight concern, but improving consumer sentiment was much more important. He added that consumers are still redecorating their homes, which is a trend that seems likely to continue.
Adami said the low valuation and high short interest could fuel the stock price higher.
Seymour said ETH has good emerging market growth, which is why he likes it.
Finerman suggested that shares of Abercrombie & Fitch (ANF - Get Report) have support near its current levels and the company has one of three possible catalysts: management improvement, management shakeup or M&A activity.
Seymour said it's going to be tough for Restoration Hardware (RH - Get Report) to hit its comp sales numbers and analysts' high expectations. He added the CEO departure is overblown and the stock looks good at current levels.
David Strasser, managing director at Janney Capital Markets, was a guest on the show. He said Best Buy (BBY - Get Report) remains undervalued when compared to its peers and shares should continue higher in 2014. He added that BBY can continue gaining market share to drive revenue while cutting costs to drive earnings per share.