March 5 Thursday Morning Notes

Gainers:
CSIQ: 4.2%, 123k
MBLY: 3.7%, 71k
MNK: 2.4%, 7,200
COST: 2%, 48k

Decliners:
JOY: -7.25%, 9,100
ABBV: -5%, 2.5m
ANF: -2%, 25k
CAT: -1%, 13k

The big story this AM is ABBV $21b deal for PCYC, which is about 22% of ABBV's market cap of $96B. PCYC is trading 10% higher in the pre-mkt while ABBV is down 5% on big volume.
ABBV avg/max/min post earnings moves:
2.22/3.03/1.49

CSIQ is out with earnings and is trading up 4.7% at 31.60.
Avg/max/min post earnings moves:
10.03/15.77/4.09

CIEN is also out with earnings this AM and the stock is trading marginally higher.
AVG/max/min post earnings moves:
5.14/8.8/3.4

From Marketwatch:
Joy Global JOY, -8.14%  reported fiscal first-quarter profits that were weaker than expected and said it was cutting its profit guidance a drop in sales.
Avg/max/min post earnings moves:
3.38/4.2/2.52

Costco Wholesale COST, +1.92% reported a better-than-expected fiscal second-quarter profit, helped by lower fuel prices and tax benefits. Earlier in the week, the nation’s second-largest retailer announced an exclusive credit-card agreement with Citigroup and Visa, replacing one pact canceled with American Express next year.