With the change of seasons upon us, investors are taking a closer look at retail. Are consumers ready for a spring fling? They may be. In fact, the Retail HLDRS (RTH) is up for the quarter, explains Jon Najarian. Retail is a sector that’s positive.

Najarian's first choice: American Eagle Outfitters (AEO). The company has won over consumers with its buy-one-and-get-the-second-for-50% pitch.

In the teen space, he likes Hot Topic (HOTT), which is up 20% year to date. Najarian thinks all these stocks (AEO, HOTT, LULU) could go higher and he’s putting money where his mouth is -- he owns all three.

He also liked Lululemon Athletica (LULU). People who say the consumer is dead are wrong, Najarian said.

If you really want to play retail do it with Wal-Mart (WMT), counters Jeff Macke.