Sears Holding Corp. (SHLDQ) may not liquidate just yet. 

Eddie Lampert, CEO of Sears and founder of the hedge fund ESL investments, sweetened his offer to buy Sears -- which is done through ESL -- to $5 billion. Previously, ESL offered $4.4 billion, but that bid was rejected. Sears is trading at a market cap of $54 million, and rose 26% to 50 cents a share Thursday, and the offer from ESL is 9,000% premium over that price. 

Why would Lampert do this? It's possible he wants the real-estate to rent out. Stay tuned for more reporting on Sears from TheStreet. 

Also, if the $5 billion falls through and Sears liquidates, TheStreet will have plenty of coverage on which retail stocks could benefit as those companies buy Sears assets like real-estate and inventory. 

In other news, stocks seesawed all day. Towards the close of the market, the Dow Jones Industrial Average rose more than 100 points. Federal Reserve Chairman Jerome Powell said the reserve bank will continue to be patient as it observes inflation, signaling the level of dovish tone the market has responded well to in the past few months.

Some retailers said holiday season sales came in lower than initially predicted, putting pressure on much of the sector.

But with the Fed continuing to ease from its hawkish position taken in 2018, and with ongoing trade talks between the U.S. and China, the stock market has been breathing a sigh of relief from the harsh selling of the last few months. "We heard Powell's comments. We have optimism on the trade front as well. That's what's countering the micro news coming out of the retail side," Mike Loewengart, vice president of investment strategy at E*Trade told TheStreet. 

Constellation Brands Inc. (STZ - Get Report) rose 5.85%. RealMoney covered that stock wall-to-wall all Thursday long.