Speaking of treasure-hunt excitement, how about Costco (COST), which is pennies away from its high and continues to execute better than any retailer out there. Food hoarders rejoice -- it's your store!

Urban Outfitters (URBN) catches a downgrade from Raymond James and then it proceeds to go to 52-week highs. That three-headed franchise -- Urban, Anthropologie and Free People -- has an uncanny ability to locate in the right places, offbeat places, and execute extraordinarily well with a treasure-hunt excitement

Wal-Mart (WMT)? I have been saying this one is going to $60 because people feel poor, courtesy the negative troika of housing, oil and food. Portfolio managers know that this is the place to buy, even though they have never stepped foot in one.

My fourth horse, TJX (TJX), has stalled here, but I think with so many retailers having problems TJX will get more than its fair share of close-out merchandise.

We've got three others on the move, too, that are worth at least pondering. The first, Phillips-Van Heusen (PVH), must have something going on. Check out the spike in that chart. The quarter was disliked, but the aftermath has seen nothing but buyers.

J.Crew's (JCG) acting well. Good style with good value. Mickey Drexler's a buy any day of the week, and I would still buy his stock here.

Finally, there's one that I have liked for some time because of its yield and its buyback: Jones Apparel (JNY). There's a quarter that was supposed to be bad but wasn't, and now they have the big Wal-Mart contract kicking in next quarter. Wes Card has done a great job there.