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.

Interested in more info on Sears Holdings? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Wal-Mart Stores is a Motley Fool Inside Value pick. Wal-Mart Stores is a Motley Fool Global Gains recommendation. The Fool owns shares of Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.