Just released: the 3 best growth-focused stocks to buy in July [PREMIUM PICKS]

Our goal here is to highlight some of our past recommendations that we think are of particular interest today, due to a combination of business performance and potentially attractive share valuation.

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The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

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The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

Premium content from Motley Fool Share Advisor UK

Our monthly Fire Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of growth-focused Fire recommendations, to help Fools build out their portfolios.

“Best Buys Now” Pick #1:

Games Workshop (LSE:GAW)

  • In mid-June, Games Workshop released a trading update that delighted the market with its indication of accelerating revenue growth.
  • The revenue for FY23, ending 28 May 2023, is set to be no less than £465m (FY22: £415m). This represents a growth of at least 12%, suggesting a significant acceleration to 17%+ growth in H2 23 from 7% in H1 23.  
  • While the weakening of the GBP has partially contributed to this accelerated sales growth, we continue to be impressed by the management’s ability to deliver steady long-term growth to shareholders.
  • There is some disappointment about the decline in licensing revenue to £25m (FY22: £28m). However, we are optimistic that the deal inked with Amazon in December of the previous year will afford Games Workshop the opportunity to monetise its intellectual property through film and television productions in the foreseeable future.
  • The company has also generously decided to increase dividends from 235p to 415p this year. This results in an attractive DVD yield of 3.83%.

“Best Buys Now” Pick #2:

Redacted

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Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Amazon.com and Games Workshop Group Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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