With profits, Ulta Beauty is repurchasing shares -- it just authorized a $3 billion buyback plan in October. And reducing the share count can boost its earnings per share (EPS) at a much faster rate than revenue. In fact, management expects double-digit EPS growth from here.

The world’s most famous value investor is sitting on an enormous cash pile. Warren Buffett’s conglomerate Berkshire Hathaway currently holds more than $325 billion in cash and equivalents, according to the firm’s quarterly financial statements, most of it in U.S. Treasury bills.

Berkshire Hathaway's Q3 2024 13F portfolio changes included new stakes in Domino's Pizza and Pool Corp, and reductions in AAPL and BAC stocks. Read more here.