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

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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.

• While Alphabet owns the dominant search company with greater than a 90% global market share, it has diverse portfolio of businesses, including Google Cloud, YouTube and even self-driving cars.
• It boasts impressive intangible assets, such as the tech expertise behind its search products, which provides a competitive advantage.
• The company has invested in AI not just to improve its search business, but also to power advertising through features such as enhanced targeting.
• Alphabet reported strong results for its first quarter, which saw revenues increase by 14% at constant currency, driven by 28% growth in Google Cloud. The operating margin grew by two percentage points to 34%
• Pleasingly the company appears to be speeding up its AI strategy – capital investments are expected to increase from $50bn to $75bn for the year, while it also cuts costs to offset the impact on profits.
• We shouldn’t forget the dominant position Alphabet holds in online advertising, the huge cash flow it pumps out quarter after quarter, and the opportunity to improve its products (including in the fast-growing cloud computing market) through its technological expertise (including in AI).