Traders weigh cashing out of retail stocks on Cyber Monday

The CNBC " Fast Money " traders debated whether to buy into retail stocks on Cyber Monday or look outside the sector.

A key retail ETF (NYSE Arca: XRT) is up more than 9 percent in the past month as people hit the stores for holiday shopping.

Trader Dan Nathan said stocks like Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) may have bounced off of recent lows but are still in downtrends. He said investors can sell those stocks here as well as Wal-Mart (NYSE: WMT).

Trader Pete Najarian said he's gravitating toward metal stocks like U.S. Steel (NYSE: X) and Freeport-McMoRan (NYSE: FCX) and believes there's plenty of upside opportunity in them.

Trader Brian Kelly said he pared a lot of his positions on Monday and sold out of the Financial Select Sector SPDR Fund (NYSE Arca: XLF), taking his profits off the table. He also took positions in gold miners (NYSE Arca: GDX) and silver (NYSE Arca: SLV) funds, which he said are promising investments with higher inflation on the horizon.

Disclosures:

PETE NAJARIAN

Pete Najarian is long calls BLL, BZM, CNX, CS, DISH, ETP, FTR, GLUU, KMB, MRO, MT, MUR, NKE, RIO, STX, TV, TWTO, TWTR, WFT, EEM, XLF, stock: AAPL, BAC, BLL, DIS, DISCA, GE, KMI, KMI.A, KO, LUX, MRK, MSFT, PEP, PFE and puts: CAT.

BRIAN KELLY

Brian Kelly is long bitcoin, CLR, GDX, SLV.

DAN NATHAN

Dan Nathan is long XHB Jan put spread, XLU Dec call spread, XLK Jan put spread, XRT Jan put spread, XLE Jan call spread, MCD Dec/Feb put calendar.

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami's wife, Linda Snow, works at Merck.

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