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Bullish Case: Dividend king with consistent increases since 1964, robust profitability, and strategic growth initiatives imply strong future shareholder returns.


Bearish Case: Rising short interest, segment underperformance, high P/B ratio, and potential foreign currency headwinds could dampen ITW's stock performance.


Potential Outcomes: Considering ITW's volatility surface and term structure, potential outcomes include near-term price mean reversion (40%) and dividend attraction offset by macroeconomic headwinds (60%).


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April 04, 2024


Illinois Tool Works Forecast

ITW        Illinois Tool Works
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






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APAM Forecast + Options Trading Strategies   [APAM]  Artisan Partners Asset (0.94)


VTWO Forecast + Options Trading Strategies   [VTWO]  Vanguard Russell 2000 Index (0.94)


UPRO Forecast + Options Trading Strategies   [UPRO]  ProShares UltraPro S&P 500 (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to ITW



SRE Forecast + Options Trading Strategies   [SRE]  Sempra Energy (-0.0)


MRO Forecast + Options Trading Strategies   [MRO]  Marathon Oil (-0.0)


WOR Forecast + Options Trading Strategies   [WOR]  Worthington Industries (0.0)


TIGR Forecast + Options Trading Strategies   [TIGR]  UP Fintech (-0.0)


JACK Forecast + Options Trading Strategies   [JACK]  Jack In The Box (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ITW



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.92)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.93)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.93)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.95)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.95)





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