3 Dow 30 Stocks Up in a Down Market
The Dow is down 0.30 percent Monday and currently stands at 13,189. These stocks are bucking the trend.
Chevron (NYSE:CVX): Phillips Chemical Company had several announcements Monday, including the location of two projected polyethylene facilities as part of its U.S. Gulf Coast Petrochemicals Project, on a site nearby the Chevron Phillips Chemical Sweeny facility in Old Ocean, Texas. Also, Phillips said that a Front-End Engineering and Design deal was reached with Jacobs Engineering Group, for the design of the facilities; and that a FEED arrangement was made with Shaw Energy & Chemicals for the design of the previously announced 1.5 million metric tons per year ethane cracker which would be located at Chevron Phillips Chemical’s existing Cedar Bayou facility in Baytown, Texas.
International Business Machines Corp. (NYSE:IBM) is working with Radware (NASDAQ:RDWR) to produce increased business agility, mobility, and cost-effective integration of virtual application delivery controller solutions for customers building applications with IBM SmartCloud. Radware’s Virtual Application Delivery Infrastructure (VADI) will become part of the solution, and the firm also said that it intends to team up with technology partners Juniper Networks (NYSE:JNPR) and Virtela to supply a range of virtual ADC solutions which provide a multi-tiered ADC model that features the enabling optimization on the customer’s infrastructure, the SmartCloud network edge, or in the IBM SmartCloud.
Johnson & Johnson (NYSE:JNJ): Levaquin, which is produced by Johnson and Johnson subsidiary Janssen Pharmaceuticals, received FDA approval Friday for treatment of plague patients, and for reduction of the risk of acquiring the disease. Plague is a rare bacterial infection that can be lethal, and is attributed to exposure to the Yersinia pestis bacterium.
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