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This is one of the most interesting earnings seasons of the past couple of years in my opinion. We are in the midst of an economic growth slowing trend while very large cyclical companies beat earnings like its 2017. Illinois Tool Works (ITW) is one of them. The company crushed earnings expectations thanks to very successful company initiatives to enhance margins. This more than offset the declines due to lower sales and negative organic growth. The economy might currently be in a bad shape, but ITW is once again remembering bears why it