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When it comes to growth stocks, the S&P 500’s probably the first place investors look. The UK stock market doesn’t have anything that matches up to Amazon, Nvidia, and Microsoft.
Despite this, there are some quality growth companies in the FTSE 100. And looking where other investors aren’t paying attention is a good strategy for finding a bargain.
UK tech stocks
Rightmove (LSE:RMV) doesn’t have the same scale as the big US tech companies. But I don’t think the quality of the business is in any way inferior.
First of all, the company’s been growing steadily. Over the last 10 years, revenues have more than doubled and operating margins have consistently been above 70%.
By any standard, that’s impressive. But the really impressive thing about the business is that it’s managed to achieve this without having to reinvest the cash it generates.
Rightmove’s…
