11 Defensive Stocks Billionaires are Buying amid US Trade Tariff Uncertainty

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1. Dollar Tree, Inc. (NASDAQ:DLTR)

Year to Date Returns as of July 29: 49.55%

Number of billionaires: 11

Number of Hedge Fund Holders: 67

Dollar Tree, Inc. (NASDAQ:DLTR) is one of the defensive stocks that billionaires are buying amid US trade tariff uncertainty. On July 28, Guggenheim raised its price target on Dollar Tree (NASDAQ:DLTR) from $100 to $130, while reaffirming its Buy rating.

The upgrade reflects optimism around the company’s performance, including tariff relief, the successful Family Dollar divestiture, and the strength of its multi-price point (MPP) strategy, which has delivered consistent 5–7% sales growth.

The firm also highlighted operational improvements and projected 10% EBITDA growth, noting that the removal of $225 million in one-off P&L impacts should boost 2026 earnings. Guggenheim believes Dollar Tree could climb to $150 if favorable multiples persist.

Dollar Tree, Inc. (NASDAQ:DLTR) is a U.S.-based retail chain that offers a broad range of budget-friendly products across various price levels, including everyday essentials like food, household supplies, and personal care items, along with seasonal goods. With 24 distribution centers supporting its operations, the company primarily serves value-conscious shoppers seeking affordability without compromising convenience.

While we acknowledge the potential of DLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best 52-Week High Stocks to Buy Now and 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen.

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