Wal-Mart (WMT) Earnings Miss Target, Benefitting…Target (TGT)?

It was a tale of two earnings reports for America’s two largest retailers. Wal-Mart (NYSE: WMT), the No. 1 retail chain in the country, reported third-quarter earnings that missed analyst expectations and were down nearly 3 percent from a year ago. Meanwhile, Target (NYSE: TGT), the second-biggest retailer in the U.S., saw its earnings rise 3.7 percent year-over-year in the quarter that ended October 29.