There are two ways to refer to stocks that are "seemingly expensive" based on valuation ratios $($for example, high P$/$E stocks$)$: "growth stocks" or "glamour stocks".

i$)$ Precisely what kind of "growth" is alluded to when these stocks are labeled "growth stocks"?

ii$)$ Based on what you know about the families of signals discussed in class, explain why labeling such stocks as "growth stocks" can be confusing, and why this matters for investing.