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Is Illinois Tool Works a Buy After the Coronavirus Market Sell-Off?

Is Illinois Tool Works a Buy After the Coronavirus Market Sell-Off?

The recent results from multi-industry manufacturer Illinois Tool Works (NYSE: ITW) served to highlight many of the difficult decisions investors are facing right now. The automotive market remains the single biggest earnings generator for the company. Investors are looking to avoid companies with heavy exposure to industries that are likely to suffer in the near term, or that might be structurally challenged in the long term due to the COVID-19 pandemic.