Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Retailer Sears Holdings (Nasdaq: SHLD) got a nice bump early today jumping 10% before falling slightly on a better than expected outlook.

So what: The company expects full-year adjusted earnings of $1.16 to $1.88 per share and $3.39 to $4.12 per share in the fourth quarter. Analysts were only expecting earnings of $0.88 for the full year and $3.12 in the fourth quarter.

Now what: It looks like Sears and Kmart had a nice holiday season, but even at the high end of estimates shares trade at a lofty 40 times earnings. There are safer, cheaper retailers out there like Target (NYSE: TGT) or Wal-Mart (NYSE: WMT) I would look at before investing in Sears and Kmart stores. I am going to cash out on today's bump and move on to retailers with a better track record of showing results.

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