Pops & Drops: Boeing, Cree, Oracle and More

Stocks closed higher ahead of Thanksgiving, as the Dow soared 150.91 points to finish at 11,187.26 and the S&P 500 gained 17.62 points to end at 2,543.12.

On a positive tape Wednesday, here's the market movers that caught the traders' attention:

POPS (stocks that moved higher)

Boeing (BA) popped 3%: The world’s largest aerospace company may be able to deliver the 787 Dreamliner faster than expected, according to a note published by Cowen Wednesday.

Cree (CREE) popped 10%: The energy-efficient lighting products producer was added to Morgan Keegan’s ‘Focus List’ Wednesday. Guy Adami of Drakon Capital likes CREE at current levels.

Oracle (ORCL) popped 2%: The software giant rallied after news broke that SAP must pay Oracle $1.3 billion for copyright infringement. Virtus Investment Partners' Joe Terranova loves the Oracle story and owns shares. He thinks you should do the same.

Cummins (CMI) popped 4%: The truck manufacturer's stock rallied and hit a new 52-week high in Wednesday’s trading session. Karen Finerman, president of Metropolitan Capital Advisors, would wait to buy CMI on a pullback.

DROPS (stocks that moved lower)

CBOE Holdings (CBOE) dropped 3%: The owner of the world’s largest equity derivatives market said it purchased shares from former seatholders of the Chicago Board Options Exchange in a tender offer. Mike Khouw of Cantor Fitzgerald said it's fully valued and would stay away for now.

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Trader disclosure: On November 24, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL), (BX), (F); Terranova Owns (UPL), (C), (PEP), (OXY), (VRTS), (GS), (FCX), (POT), (IBM), (AAPL), (ORCL), (MCD), (NKE); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT):Adami’s wife works at Merck; Finerman owns (AAPL); Finerman’s firm owns (AVP); Finerman and Finerman’s firm owns (BBY); Finerman’s firm owns (CMI); Finerman owns (DYN); Finerman’s firm owns (M); Finerman and Finerman’s Firm owns (MSFT); Finerman's Firm Is Short (IJR); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (IWM); Finerman's Firm Is Long S&P Puts; Finerman's Firm Is Long Russell Puts; Cortes owns (TSN); Cortes owns (K); Cortes is short (XLE); Cortes is short (UNP); Cortes is short the Canadian Dollar; Cortes is short the Euro; Cortes is short the Mexican Peso; Cortes is short the Australian Dollar; Cortes is long U.S. Treasuries

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CMS)
Virtus Investment Partners own more than 1% of (CSC)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (FCFS)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SOA)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (WMB)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DRYS)

For Deborah Weinswig
An employee of Citigroup is a trustee of (TGT)
An employee of Citigroup owns (JCP), (WMT)
Citigroup is a market maker in (M), (CVS), (COST)
Citigroup owns 1% of more of (SKS), (SVU)
Citigroup intends to seek, within the next three months, compensation for investment banking services from (KR), (WMT)
Within the past 12 months, Citigroup has acted as manager of an offering of securities of (TGT), (HD), (WMT)
Citigroup has received compensation for investment banking services provided within the past 12 months from (TGT), (HD), (KR), (SKS), (WMT)
Citigroup received compensation for products and services other than investment banking services from (M), (TGT), (HD), (JCP), (KSS), (KR), (SWY), (WAG), (WMT), (COST) in the past 12 months.
Citigroup had within the past 12 months (TGT), (HD), (KR), (SKS), (WMT) as an investment-banking client.
Citigroup had within the past 12 months, the following as clients, and the services provided were non-investment-banking, securities related (M), (TGT), (CVS), (HD), (JCP), (KSS), (KR), (SWY), (SKS), (SVU), (WMT), (WAG), (COST)
Citigroup had within the past 12 months, the following as clients, and the services provided were non-investment-banking, non securities-related (M), (TGT), (HD), (JCP), (KSS), (KR), (SWY), (SVU), (WAG), (WMT), (COST)

For Jesse Eisinger
***No Dislcosures***