2 Top Growth Stocks You Can Still Buy in August

Company 1: Intuitive Surgical - Intuitive Surgical focuses on surgical robotics, particularly its da Vinci systems, which are used in various minimally invasive procedures [2][4] - As of 2023, 83% of its revenue comes from recurring sources, including sales of replacement instruments and maintenance services [2][3] - The company reported 9,203 da Vinci systems installed globally, a 14% increase year-over-year, with a 17% rise in procedure volume and a 14% increase in revenue to approximately $1.8 billion [3][4] - Q2 net income reached$527 million, up 25% from the previous year, indicating strong profitability [3] Company 2: Ulta Beauty - Ulta Beauty offers a wide range of beauty products and services, with a significant portion of sales driven by its loyalty program, which has over 42 million members [5][6] - The company generated approximately $1.3 billion in profits on around$11 billion in revenue over the trailing 12 months, with operating cash flow also around $1.3 billion [6] - In the first quarter of fiscal 2024, net sales increased by 3.5$2.7 billion, showing modest growth despite macroeconomic concerns [6] - Warren Buffett's recent $266 million investment in Ulta Beauty suggests the stock may be undervalued, highlighting potential investment opportunities [6][7]