Despite the stock market getting bombed last week, and the Dow Jones Industrial Average actually falling back into the red for the year, things may not be all that bad. Current economic data like the June Chicago Fed National Activity index rose to a level that reflects above trend growth for the first time since last December, and leading indicators suggest better economic activity going forward.

In a new report from Jefferies, they say the best growth stocks to own may be the ones already blowing away earnings numbers. The top stocks to buy have already pounded analysts estimates and could be going much higher. Their take is that these stocks are the ones to own even if you are somewhat worried about the market.

Amazon.com, Inc. (NASDAQ: AMZN) is the absolute leader in online retail and is also dominating in its AWS cloud storage business and it just crushed earnings last week. Despite a huge run up on Friday of almost 10%, the Jefferies team says investors can still buy the stock. Despite currency headwinds that amounted to $1.4 billion, the company still had worldwide unit growth that jumped 22% in the quarter. Plus, AWS revenues increased an astounding 81% to $1.8 billion and that was $400 million more than the analysts estimates.

The Jefferies analysts raise their earnings-per-shares estimates in a big way looking for $6.41 in 2016. The Jefferies price target for the stock jumped up to $730, and the Thomson/First Call consensus target is posted at $638.13. versus a $529.42 close.

Infinera Corporation (NASDAQ: INFN) is another solid pick for investors in data networking, with Intelligent Transport Networks for network operators, enabling reliable, easy to operate, high-capacity optical networks. Intelligent Transport Networks enable carriers, Cloud network operators, governments and enterprises to automate, converge and scale their data center, metro, long-haul and subsea optical networks.

The company also blew away earnings estimates last week, and the Jefferies team also continues to recommended buying shares. Revenues came in at $207.3 million up 25% year-over year and 3% ahead of Wall Street expectation. The company also provided forward guidance that was very strong.

The Jefferies analysts think the company could announce at the planned October 6th analyst day a Metro Core Wavelength- Division Multiplex or WDM product, which might expand its addressable market from $4.5 billion to $15 billion over time. Jefferies’ price target for the stock is raised to $30 from $27, and the consensus is at $24.50 after closing at $23.06.

VMware Inc. (NYSE: VMW)  also reported very solid numbers but is down huge over the last year and a half. It is the leader in virtualization technology solutions with 2014 revenues of $6 billion. VMware has more than 500,000 customers and 75,000 partners. The company reported very solid earnings which they had reaffirmed earlier this month.

Jefferies analysts feel that the company is very well positioned for the rest of the year and should benefit from increased government spending and continued ramp up in new products, and new and renewed Enterprise License Agreements or ELA’s in 2016.

VMware reported earnings, adjusted for one-time gains and costs that came to 93 cents per share. The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share. Revenue was right in line with expectations at $1.6 billion on an adjusted basis. The Jefferies price target for the stock is $104, and the consensus is posted at $95.28. The shares closed Friday at $86.11 up over 5%.

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The Jefferies team is smart in recommending companies that have already come in with outstanding results and solid forward guidance. In a nervous market staying with those already on-a-roll makes good sense.

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