The first half of 2022 has been rocky. But Goldman likes this group to bounce back.
Shares of social media company Twitter (NYSE: TWTR) pulled back this week, despite a pending offer from Tesla (NASDAQ: TSLA) CEO Elon Musk to buy the company. The stock's decline is likely due to a combination of bearishness in the overall market and comments from Musk on Twitter suggesting he may have some doubts about the deal. Capturing how the overall market is taking a beating recently, the S&P 500 fell a total of 3% during the week and the tech-heavy Nasdaq Composite declined 3.8%.
Shares of Tesla (NASDAQ: TSLA) sank on Friday, declining as much as 10.8% at one point during the trading day. The electric-car maker stock's beating was likely driven primarily by a tough day in the market for many stocks -- particularly for growth stocks like Tesla. The stock's downward trend has largely been tied to investors' skittishness toward highly valued growth stocks.