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.

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