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W.W. Grainger (GWW) is a leading industrial-supply distributor with a market cap of $44.9 billion. Despite its strength, the company's stock has underperformed the Industrial Select Sector SPDR Fund (XLI) by 5.5% over the past three months and 8.8% on a YTD basis. Shares have also dipped below both the 50-day and 200-day moving averages since mid-June. However, the company reported Q3 results that beat expectations, with adjusted EPS of $10.21 and revenue of $4.7 billion, supported by growth in both segments.

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