NEW YORK (TheStreet) --Both Target (TGT) and Walmart (WMT) will report quarterly financial results this week. Target will report third quarter earnings results on Wednesday and Walmart will report on Thursday.
Analysts are anticipating that Target will report earnings of 83 cents per share, while earnings of 96 cents per share are forecast for Walmart. For the same period last year Walmart reported earnings of $1.03 per share, while Target reported earnings of 86 cents per share.
"If I had to play, [I] like Target because it's been reset lower," Short Hills Capital CIO Stephen Weiss said on CNBC's "Fast Money Halftime Report" today.
That said, Weiss cautioned investors about playing the anticipated tax bump resulting from a Donald Trump presidency.
"I think it's premature to play the tax bump; I'd say more than 50% aren't that excited about Trump coming in because he lost the popular vote. So, I think you have to wait a little bit before you get very excited," Weiss contended.
Najarian Family and Advisors Office co-founder Pete Najarian prefers Target to Walmart as well.
"The last quarter really started this whole thing about grocery business, the side of the business where Walmart is really eating up, in terms of Target. I think that is something being addressed right now," Najarian noted.
Additionally, he is pleased with the work being accomplished at Target under the new management team.
"The new leadership has done a much better job of transitioning very rapidly. I would expect rapid transition, a pickup in the grocery side of things, and everything else that's just doing fine," he said.