10) Illinois Tool Works
When I’ve recommended Illinois Tool Works (ITW) to you in the past, I have often brought up the company’s 80/20 rule. ITW management focuses on the portion of the business that brings in 80% of the revenue and looks for ways to either improve or discard the rest. Recently the company announced that its packaging unit will be sold. This is a good move by management to cut the fat and keep the business lean and profitable. ITW share performance is reverting to trend fast. Buy before it does.