Buffett's mystery stock has been revealed - but some already knew it

Investing.com—Who would have guessed that Warren Buffett's new bet would be a cosmetics retailer?

That's right. According to Berkshire Hathaway 's (NYSE:BRKa ) (NYSE:BRKb ) 13F filing, disclosed last evening, the legendary investor's company scooped up 690,106 shares in Ulta Beauty (NASDAQ:ULTA ) during the Q2. The filing prompted the Bolingbrook, Illinois-based giant to jump a massive 15% in premarket trading as of this writing .

To get back to the question that opens this article: No one, except for our AI stock-picking tool, which added ULTA to its Top Value stocks strategy early this month.

Users who subscribed for less than $8 a month are now reaping the results of what appears to be only the beginning of a renewed uptrend for the cosmetics retailer.

But how did our AI see that coming?

Well, it obviously didn't know that Buffett would add that specific stock to his portfolio. However, it did even better than that - it used the power of AI big-data modeling to determine that ULTA was a top stock to buy for August.

Its analysis was so accurate that, interestingly enough, the Oracle of Omaha reached the same conclusion.

Is he also using our state-of-the-art AI-powered technology? We'll leave that one for the ages ...

In the meantime, however, you can also see all the insights from his latest 13f filling and even mimic Buffett's and other legendary investors' portfolios tuning into our ideas section on InvestingPro. Source: InvestingPro

But ULTA is only a tiny part of our AI's recommendations for August. In fact, if you have been following this column - or subscribed to ProPicks for less than $8 a month - you have seen firsthand the power of our AI tool in spotting financial giants amid Q3 earnings season.

Just to give you a taste of what you may have missed out on in July:Charter Communications (NASDAQ:CHTR ): +16.6% after reporting. Pool Corporation (NASDAQ:POOL ): +13.64% after reporting. Manhattan Associates (NASDAQ:MANH ): +10.96% after reporting. Molina Healthcare (NYSE:MOH ): +12.6% after reporting. F5 Networks (NASDAQ:FFIV ): +14% after reporting. PayPal Holdings (NASDAQ:PYPL ): +11.61% after reporting. Qualcomm Incorporated (NASDAQ:QCOM ): +8.40% after reporting.

Among several others ...

We've just reached the halfway point in August, which means the next rebalance is on its way in just two weeks. As the market grows more volatile, I wouldn't want to be caught off guard holding the bag from H1.

Make sure to get the top picks in the market by following our list of best-in-breed AI picks for August.

* Already a Pro user? Thenseeall our picks for August here.

And how do we do it, after all?

Differently from everything else out there , our AI-powered model picks stocks before they become too expensive, thus not just following a "momentum" indicator.

That's how our composed Tech Titans strategy managed to simply obliterate the market since our official launch in November last year ( numbers as of premarket today):Tech Titans:+73.73% S&P 500: 28.52%

This is not a backtest; this is real-worldperformance, unfolded in real time to our users.

In fact, our backtest suggests that going for the long run will give you even heftier gains. See chart below for reference.

Source: ProPicks

This means a $100K invested in our strategy ten years ago would have turned into an eye-popping $1,957,800K by now.

So, will you keep on guessing or have an insight into the winners?

For less than $8 a month, that decision has never been easier.

Source: Investing.com