"When Black Friday comes..." The lyrics of the great Steely Dan song are echoing in my head as I look at retail stocks these days. The sector's relative underperformance couldn't be any more stark, as the Retail Select SPDR ETF (XRT - Get Report) has fallen 9.0% year-to-date versus a 29.5% gain for the (QQQ - Get Report) Nasdaq 100 SPDR ETF.

Will America's favorite shopping day turn out to be the catalyst to wake this group from its slumber? Probably not, but I do I believe there are opportunities in individual names. Real Money's editors tasked me with identifying two actionable Black Friday plays, and I will focus on Target Corp.  (TGT - Get Report) and Best Buy Co, Inc.   (BBY - Get Report) . 

The activity in Target should come before Black Friday. As with most retailers, Target is on a January fiscal year, so the company will report earnings -- no date has yet been announced -- in mid-November. Also, Target pays its regular quarterly dividend to holders of record as of Nov. 15. That dividend of $0.64 is looking increasingly attractive as Target shares pull back, and now represents an annualized yield of 4.2%. 

Head here to check out the rest of this piece and Real Money's Black Friday Stock Picks.

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At the time of publication, Collins had no positions in the stocks mentioned.