Check out the companies making headlines before the bell. Ulta Beauty — Shares of the beauty retailer popped a whopping 13% in premarket trading after a regulatory filing revealed that Warren Buffett's Berkshire Hathaway took a stake worth $266 million in the second quarter. The bet is relatively minor for Berkshire, whose equity portfolio is worth more than $300 billion, so it's possible Buffett lieutenants Ted Weschler and Todd Combs are behind the stake.
Wells Fargo said Snowflake's premium multiple is becoming harder to justify as the company faces headwinds. Lumentum Holdings — Shares of the optical provider soared more than 14% higher on stronger-than-expected fiscal fourth-quarter results. Earnings came in at 6 cents per share, topping a FactSet estimate of 2 cents per share. Revenue also beat expectations. Alibaba — The Chinese internet giant slid about 4% after Alibaba's most recent quarter missed expectations .
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