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.
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.