After notching their best quarterly gains in many years, Wall Street saw a tumultuous ride to start the new quarter thanks to rise in Treasury yields. This is especially true as the S&P 500 index logged its worst weekly performance since the week of Sep 7, dropping 1% while the tech-heavy Nasdaq fell 3.2%, marking its biggest weekly drop since the week of Mar 23.

The 10-year Treasury yields climbed to the highest level in more than seven years and raised fears over faster-than-expected rate hikes. The slew of upbeat data signaling strong economic growth has also added to the strength in yields. A higher yield has dampened enthusiasm for equities, as it would increase inflation thereby raising the cost of products. This in turn would affect consumer spending and is a headwind to the stock market. In particular, the U.S. unemployment rate fell to near a 49-year low and wages have been on a modest rise, suggesting moderate inflationary pressure.

However, a booming economy coupled with strong corporate earnings is a positive for stocks. Historic tax cuts, higher government spending and deregulation are spurring growth. Robust job gains, growing wages, increasing consumer spending, a recovering housing market and an 18-year high consumer confidence will continue to drive the longest bull run.

Against such a bullish backdrop, beaten down prices reflect a good entry point for investors. Below, we have highlighted five solid picks from both the ETF and the stock worlds that were in red over the past week but have a solid upside potential. Most of these even have a Zacks Rank #1(Strong Buy) or 2 (Buy).

ETF Picks

Amplify Online Retail ETF (IBUY - Free Report)

This ETF has attracted $493.9 million in its asset base and offers global exposure to companies that derive 70% or more revenues from online and virtual retail by tracking the EQM Online Retail Index. The fund is home to 39 stocks that are widely diversified, with each holding less than 6.9% of assets. It trades in average daily volume of 113,000 shares and charges 65 bps in annual fees. The ETF fell 8.3% last week.

Invesco S&P SmallCap Information Technology ETF (PSCT - Free Report)

This fund offers exposure to the small-cap segment of the technology sector by tracking the S&P SmallCap 600 Capped Information Technology Index. Holding 90 securities in its basket, the product is well spread across securities, with each holding less than 4% share. The product has managed $414.5 million in its asset base and trades in moderate average daily volume of about 113,000 shares. It charges 29 bps in fees per year from investors and shed 8.2% last week. PSCT has a Zacks ETF Rank #2 with a High risk outlook.

Principal Healthcare Innovators Index ETF (BTEC - Free Report)

This fund provides exposure to stocks that are early stage healthcare companies by tracking the Nasdaq Healthcare Innovators Index. Holding 189 stocks in its basket, it is widely spread out across components, with each accounting for less than 3.6% of assets. The product has accumulated $53.9 million in its asset base and trades in a meager average daily volume of about 3,000 shares. It charges 42 bps in annual fees and lost 7.7% last week. The fund has a Zacks ETF Rank #1.

Invesco S&P SmallCap Consumer Discretionary ETF (PSCD - Free Report)

This fund targets the small-cap segment of the consumer discretionary sector and follows the S&P SmallCap 600 Capped Consumer Discretionary Index. It holds 99 securities in its basket, with none accounting for more than 3.2% of the assets. The product has attracted $90.8 million in AUM while seeing paltry volume of 13,000 shares per day. The ETF charges 29 bps in annual fees and was down 7.7% last week. It has a Zacks ETF Rank #2 with a High risk outlook.

Invesco S&P SmallCap 600 Pure Growth ETF (PSCTRZG - Free Report)

This fund tracks the S&P SmallCap 600 Pure Growth Index, which measures the performance of securities that exhibit strong growth characteristics in the S&P SmallCap 600 Index. Holding 139 securities in its basket, it is well spread out across components with each holding no more than 1.7% share. The fund has amassed $334.9 million in its asset base while trades in a light volume of about 142,000 shares a day on average. It charges investors 35 bps in annual fees and shed 7.5% last week. RZG has a Zacks ETF Rank #1 with a High risk outlook.

Stock Picks

Restoration Hardware Holdings Inc. (RH - Free Report)

This California-based company is a luxury brand in the home furnishings marketplace, offering product assortments across a number of categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, as well as baby and child products. It saw rising earnings estimate of 97 cents for the fiscal (January 2019) over the past three months, with an expected growth rate of 148.84%. The stock declined 14.2% in the last week. Restoration Hardware has a Zacks Rank #2 and VGM Score of A.

Tailored Brands Inc. (TLRD - Free Report)

This Texas-based company is a specialty retailer of men's suits and provider of tuxedo rental product primarily in the United States and Canada. The stock was down 14.1% last week but saw positive earnings estimate revision of a penny for the fiscal (ending January 2019) over the past 90 days, with an expected growth rate of 13.64%. It has a Zacks Rank #2 and a VGM Score of A.

ArcBest Corporation (ARCB - Free Report)

This Arkansas-based company provides freight transportation services and solutions. The Zacks Consensus Estimate for 2018 has been revised up from $2.99 to $3.25 over the past 90 days for this year. Earnings are expected to grow 144.36%. Shares of ARCB shed 14.1% last week. ArcBest Corporation has a Zacks Rank #1 and a VGM Score of A.

Tilly's Inc. (TLYS - Free Report)

This California-based company is a specialty retailer in the action sports industry selling clothing, shoes and accessories. It saw positive earnings estimate revision of nine cents for the fiscal (ending January 2019) over the past three months with an expected growth rate of 38.46%. The stock has lost 13.3% in the same time frame. It sports a Zacks Rank #1 and has a VGM Score of A.

Turtle Beach Corporation (HEAR - Free Report)

This California-based company provides various gaming headset solutions to many platforms, including video game and entertainment consoles, handheld consoles, personal computers, and mobile and tablet devices under the Turtle Beach brand. The stock has seen solid earnings estimate revision of $1.16 for this year in the last three months, with an expected earnings growth rate of 1,004.17%. It shed 12.6% last week. HEAR has a Zacks Rank #1 and a VGM Score of B.