Beauty stocks aren't the typical hot tech stocks that capture mass investor attention. But investors who know how to spot opportunity understand that great stocks can be found anywhere, from your local garbage disposal company to your favorite lipstick brand. 

Estée Lauder (NYSE: EL) and Ulta Beauty (NASDAQ: ULTA) are two of the biggest cosmetics companies around. Let's see which one is the better buy today.

Most people would recognize the Estée Lauder name or one of the many upscale brands it owns, such as MAC cosmetics, Clinique, and the new Tom Ford brand. It's much bigger than Ulta by sales, with $16 billion in trailing-12-month revenue vs. Ulta's $11 billion.

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Source Fool.com