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[video] Quick Take: Sears Cuts Outlook; Alcoa Is Hit by Double Whammy

Stocks in this article: SPYDIAQQQSHLDAAINTC

NEW YORK (TheStreet) -- U.S. stock markets are slightly lower but don't seem to have found a definitive trading direction following December's nonfarm payrolls report. TheStreet's Jonathan Marino looks at the headlines for Friday.

Major European equity markets are getting a solid boost on Friday, with many up around 1%. Japan's Nikkei was able to close out the week with a gain, up 0.2%, Marino said. 

Shares of Sears (SHLD) were falling more than 13% after the retailer cut its fiscal fourth-quarter guidance.

Marino said the guidance will add to the frustration for Sears shareholders. 

Also in the red is Alcoa (AA). Shares are lower by roughly 6% after the company reported an earnings miss on Thursday after the close. Sales beat estimates but were lower than a year earlier.

Adding salt to the wound, Alcoa announced it would pay nearly $400 million in fines to the Securities and Exchange Commission and Justice Department to settle foreign bribery charges, Marino said. 

Lastly, Marino pointed to one of Jim Cramer's Action Alerts PLUS picks: Intel (INTC)

Shares are currently higher by 1.5% on Friday. Cramer liked the company's presentation at the Consumer Electronics Show and believes PC sales are finally bottoming, making Intel's moderate growth projections achievable.

-- Written by Bret Kenwell in Petoskey, Mich.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, held shares of INTC.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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