After logging in the worst May since 2010, Wall Street staged a nice comeback at the start of June primarily on the hopes of monetary easing policies though the U.S.-China trade spat and global growth concerns linger.Fed Chair Powell, who suspended the three-year monetary policy tightening program this year, last week signaled rate cuts if needed. The latest weak job data has stirred speculation on interest rate cuts. Lower rates would make borrowings cheaper, providing a boost to both investment in new projects and repayment of higher-rate debt. As such, it would lead to strong economic growth and is thus a boon for the stock market (read: ETFs Set to Soar on Rate Cuts Signal).Additionally, the rally came after President Donald Trump suspended the planned tariffs against Mexico. A slew of mergers and acquisitions is also driving stocks higher this month.Given the return of bullish trends, nothing seems a better strategy than growth. This is especially true, as growth stocks refer to high-quality stocks that are likely to witness revenue and earnings increase at a faster rate than the industry average. These stocks harness their momentum in earnings to create a positive bias in the market, resulting in rocketing share prices. As such, growth stocks tend to outperform during an uptrend.However, it is worth noting that these funds offer exposure to stocks with growth characteristics that have comparatively higher P/B, P/S and P/E ratios and exhibit a higher degree of volatility when compared to value stocks.Given this, we have highlighted five growth ETFs and stocks that have a top Zacks Rank #1 (Strong Buy), suggesting their outperformance.ETFs to BuyThese ETFs are popular in the growth space, making them extremely liquid.Invesco QQQ QQQThis fund follows the Nasdaq-100 Index and holds a basket of 103 stocks (read: Mexico Tariff Plan Dropped: ETF Areas to Win).AUM: $69.8 billionExpense Ratio: 0.20%Average Daily Volume: 41.1 million sharesiShares Russell 1000 Growth ETF IWFThis ETF follows the Russell 1000 Growth Index and holds 545 stocks in its basket.AUM: $43.7 billionExpense Ratio: 0.20%Average Daily Volume: 2.1 million sharesSPDR Portfolio S&P 500 Growth ETF SPYG This product follows the S&P 500 Growth Index, holding 295 stocks in its basket.AUM: $5.1 billionExpense Ratio: 0.04%Average Daily Volume: 1.8 million sharesVanguard Mega Cap Growth ETF MGKThis ETF offers diversified exposure to the largest growth stocks in the U.S. market by tracking the CRSP US Mega Cap Growth Index.AUM: $4.2 billionExpense Ratio: 0.07%Average Daily Volume: 183,000 sharesVanguard S&P 500 Growth ETF VOOGThis fund tracks the S&P 500 Growth Index, holding 295 stocks in its basket.AUM: $2.6 billionExpense Ratio: 0.15%Average Daily Volume: 114,000 sharesStocks to BuyHere, in addition to a top Zacks Rank, we have used several other criteria like a Growth Score of A, positive earnings estimate revision for this year, double-digit estimated earnings growth for this year, and a solid Zacks Industry Rank. You can see the complete list of today’s Zacks #1 Rank stocks here.Group 1 Automotive Inc. GPIThis Fortune 500 automotive retailer is a leading operator in the automotive retailing industry. Group 1 has grown to become the third largest dealership group.Market Cap: $1.4 billionThis Year Estimated Earnings Growth: 14.14%Zacks Industry Rank: Top 1%Pilgrim's Pride Corporation PPCIt is one of the largest chicken companies in the United States, Mexico and Puerto Rico.Market Cap: $6.7 billionThis Year Estimated Earnings Growth: 43%Zacks Industry Rank: Top 2%Enova International Inc. ENVAIt is a provider of online financial services that offers loans to customers in the United States and in the United Kingdom, Australia and Canada (read: ETFs to Win After Soft May Jobs Data).Market Cap: $781.4 millionThis Year Estimated Earnings Growth: 30.6%Zacks Industry Rank: Top 4%Third Point Reinsurance Ltd. TPREThis property and casualty reinsurance company is engaged in underwriting property, auto, workers compensation and crop quota share contracts for insurance and reinsurance companies.Market Cap: $973.1 millionThis Year Estimated Earnings Growth: 193.3%Zacks Industry Rank: Top 18%ADTRAN Inc. ADTNIt is a leading global provider of networking & communications equipment, with an 18-year history of profitability & a portfolio of more than one thousand four hundred solutions for use in the last mile of today's telecommunications networks.Market Cap: $790.8 millionThis Year Estimated Earnings Growth: 197.1%Zacks Industry Rank: Top 27%Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Group 1 Automotive, Inc. (GPI): Free Stock Analysis Report ADTRAN, Inc. (ADTN): Free Stock Analysis Report Enova International, Inc. (ENVA): Free Stock Analysis Report Vanguard Mega Cap Growth ETF (MGK): ETF Research Reports iShares Russell 1000 Growth ETF (IWF): ETF Research Reports SPDR Portfolio S&P 500 Growth ETF (SPYG): ETF Research Reports Invesco QQQ (QQQ): ETF Research Reports Pilgrim's Pride Corporation (PPC): Free Stock Analysis Report Third Point Reinsurance Ltd. (TPRE): Free Stock Analysis Report Vanguard S&P 500 Growth ETF (VOOG): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report