Walmart (NYSE: WMT) and Target (NYSE: TGT) both issued big earnings updates just as the holiday shopping season started to ramp up in mid-November. Retailers are facing differing pressures, though, as consumers shift their spending habits in response to inflation and economic uncertainty.
Walmart raised its full-year outlook following strong demand through late October. But Target was forced to lower short-term growth targets after consumers started pulling back spending in late Q3.
Let's look at whether those latest results make one of the retailers a screaming buy as we head into the industry's biggest selling period.
Source Fool.com