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: Shares of Bed Bath & Beyond (Nasdaq: BBBY) jumped 10% after the company reported earnings.

So what: Fourth-quarter earnings per share came in at $1.12 per share, beating analyst estimates of $0.97 per share. Sales of $2.50 billion also topped expectations, and a forecast of 10%-15% earnings-per-share growth next year also beat estimates.

Now what: It's a good day for retailers as Pier 1 Imports (NYSE: PIR) also reported strong earnings and outlook today. Better-than-expected sales are driving many retailers higher as it appears shoppers are out in force again. Motley Fool Stock Advisor has made Bed Bath & Beyond one of its picks, and considering the company's growth and a return of customers to retail, I also think it's going higher.

Interested in more info on Bed Bath & Beyond? 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.

Bed Bath & Beyond is a Motley Fool Stock Advisor pick. 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.