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Jim Cramer Says Buy Walmart Stock, Despite Strong Target Earnings

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Target  (TGT) - Get Free Report reported adjusted second quarter earnings of $3.64 on revenue of $25.16 billion, beating estimates on the top and bottom lines.

Target said same-store sales rose 8.7% in the quarter, also exceeding expectations.

As of intraday trading  Wednesday, the stock was down 1.46% to $250.92.

However, it was Walmart  (WMT) - Get Free Report that was catching Jim Cramer's attention when he was asked about the latest retail earnings. 

Find out why he prefers Walmart to Target in the video above. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 8/18/21

Walmart is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio. 

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