Medifast (NYSE:MED), JAKKS Pacific (Nasdaq:JAKK), Pier 1 Imports (NYSE:PIR), Dollar Tree (Nasdaq:DLTR), Sotheby's (NYSE:BID) Among Top Picks of Wedbus

In the Consumer/Retail space, Wedbush released its top picks and those that may be a disaster in 2011. Among the top picks are Medifast (NYSE:MED), JAKKS Pacific (Nasdaq:JAKK), Pier 1 Imports (NYSE:PIR), Dollar Tree (Nasdaq:DLTR) and Sotheby's (NYSE:BID)

Particularly noted in the luxury space was Sotheby's, which, along with other luxury retailers, is being watched closely to see if the more affluent are starting to spend again.

Also listed among their favorites were Children's Place (Nasdaq:PLCE), Talbots (NYSE:TLB) and Foot Locker (NYSE:FL).

Those with a good chance of underperforming in 2011 include American Eagle (NYSE:AEO), Family Dollar (NYSE:FDO) and Helen of Troy (Nasdaq:HELE).