In his latest column for Seeking Alpha, Validea CEO John Reese says that the end of the Federal Reserve’s quantitative easing effort means investors should be careful about which retailers they invest in.

“With the Fed tapering its QE program, financially unsound companies that have benefited from the easy money environment could be facing a shock over the coming months and years,” Reese writes, noting that retailers have been among QE’s biggest beneficiaries. “That doesn’t mean you should categorically avoid retailers; what it means is that you should be very discriminating in which retail stocks you buy.”

Reese uses his Guru Strategies, investment models based on the approaches of Warren Buffett and other highly successful investors, to find some of the more fundamentally, financially sound retailers in the market. Among those he highlights: Bed Bath & Beyond.