Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.<br /><br />Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659<br /><br />STOCKS TO WATCH: $HD $TPR $UPST $PET $SFWL<br /><br />Home Depot (HD) - The company will report quarterly results on Tuesday of next week. Home Depot's sole publicly-traded peer in the home improvement retail space, Lowe's (LOW), will report on Tuesday, May 23. Investors should use results out of Home Depot and Lowe's as a way to get an indication for how consumers are spending related to the housing and home markets.<br /><br />Tapestry (TPR) - Perceived as a play on luxury fashion and apparel accessories. Tapestry is the parent company of Coach, Kate Spade and Stuart Weitzman. The company will report quarterly earnings on Thursday before market open.<br /><br />Upstart (UPST) - One of Wednesday morning's biggest winners. Shares were up about 30% following better-than-expected quarterly results and strong guidance. The company describes itself as a credit services company, providing "a proprietary, cloud-based, artificial intelligence lending platform."<br /><br />Wag! Group (PET) - A play on the pet services space. Wag is a provider of a platform to allow pet owners to connect with pet caregivers for dog sitting, dog walking and training. The stock was up 5% Wednesday morning following mixed quarterly results and 2023 guidance which was better than expected.<br /><br />Shengfeng Development Limited (SFWL) - One of this week's momentum plays. Shares rallied more than 100% on Tuesday despite no news catalyst. Investors and traders in the name took profit Wednesday morning; shares were down about 20%. This stock had several factors which contributed to the momentum this week: being a 1. low-float stock from a 2. China-based 3. overseas shipping company. These three categories have been known to create trading momentum.
