One of my best investments this year will undoubtedly be e.l.f. Beauty . A big reason for this is that I was buying the stock this year on its dip into the $60s. At the time, investors were panicking after the company issued weak fiscal Q4 sales guidance. The cosmetics industry as a whole was feeling some pressure, while uncertainty over TikTok, where the company has a huge marketing presence, caused some headwinds.