Deere & Co (NYSE:DE) is one of the best stocks to buy according to billionaire Bill Gates.
Deere shares have gained more than 20% over the past six months, and analysts continue to see upside potential in the stock
Pixabay/Public Domain Investors bid up Deere stock by almost 7% on June 2 after the White House announced a reduction of tariffs on farm and construction equipment. Deere & Co (NYSE:DE) makes tractors and bulldozers, among other equipment and machinery. The Trump administration slashed the tariffs on imported agricultural and construction equipment to 15% from 25%, effective June 8.
The reduced tariff will run through the end of 2027, and the cut is intended to provide relief for farmers by making the equipment more affordable. The cut is also intended to boost investment in the industrial economy. In its fiscal Q2 2026, which ended May 3, Deere recorded $272 million in tariff refunds.