At the beginning of a bull market, you can almost close your eyes and point at a random company to find yourself a winner. But as we enter the ninth year of this aging bull, the best growth stocks are becoming far more difficult to find. Growth stocks still are outperforming their value counterparts in the U.

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At the end of April, growth stocks — using the Russell Growth Index as our proxy — were up But the bull market has become long in the tooth, and stocks have gotten expensive. That has value investors sitting on the sidelines, and growth investors scrambling and scratching their heads to figure out where the remaining growth opportunities are hiding.

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