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Pops & Drops: Regal, Aeropostale, Kroger and More

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Banks and homebuilders helped lead the S&P 500 index climb by 1 percent in late morning trading Thursday after data showed an unexpected jump in pending home sales in October and after European leaders decided to extend a liquidity safety net for vulnerable lenders.

But there have been plenty of other movers in the market Thursday and the following caught the attention of the "Fast Money" traders:

POPS (stocks that pushed higher)

Market Vector Russia ETF (RSX) popped 2%: The Russia exchange-traded fund rallied after FIFA announced that the 2018 World Cup will be hosted by Russia. This is Russia's first time hosting the world's soccer championship competition.

Regal Entertainment Group (RGC) popped 4%: The movie theater operator said it will pay an abnormally large cash dividend of $1.40 at the end of 2010 and increase its quarterly dividend by 17 percent for 2011. Steve Cortes of Veracruz likes the chart on this company.

DROPS (stocks that moved lower)

Aeropostale (ARO) drops 12%: The clothing retailer reported its fourth-quarter profit may be as low as 94 cents a share, which is far below the average estimate. Guy Adami of Drakon Capital said this is a retail "have not."

Kroger (KR) drops 9%: Shares of the supermarket operator sold off after it narrowed its profit and sales expectations for the year.

"They are committed to their buyback," said Steve Grasso of Stuart Frankel. "I would say you could do a little bit of bottom-fishing here. If you are going to own the stock, buy 25 percent of what you want to own."

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Trader disclosure: On December 2, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Cortes is short (XRT); Cortes is long S&P 500; Cortes is short (LVS); Cortes is long (TSN); Cortes is long USD vs. Mexican Peso, Australian Dollar, Euro; Cortes is long U.S. 2-year Treasuries; Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MOT), (MHY), (NDAQ), (PFE), (PRST), (X); Jon Najarian owns (AAPL), Is Short (AAPL) Calls; Jon Najarian owns (GS), Is Short (GS) Calls; Jon Najarian owns (JPM), Is Short (JPM) Calls; Jon Najarian owns (CME), Is Short (CME) Calls; Jon Najarian owns (TIF), Is Short (TIF) Calls; Jon Najarian owns (RIMM), Is Short (RIMM) Calls; Jon Najarian is long (AMZN) call spreads; Jon Najarian is long (IBM) call spreads; Jon Najarian is long (NFLX) call spreads; Jon Najarian is long (DE) call spreads; Jon Najarian is long (GT) calls; Jon Najarian is long (AA) calls; Jon Najarian is long (CMC) calls; Jon Najarian is long (C) and (XLF) calls; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck

For Steve Grasso:
Stuart Frankel & Co and it’s partners own (AAPL)
Stuart Frankel & Co and it’s partners own (CSCO)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co And Its Partners Own (UNM)
Stuart Frankel & Co and it’s partners are short (QQQQ)
Stuart Frankel & Co and it’s partners are short (MCD)
Stuart Frankel & Co and it’s partners are short (AAPL)

Deborah Weinswig
An employee of Citigroup Global Markets or its affiliates is a trustee of Target Corp
Citi employees own (JCP), (WMT)
Citigroup Global Markets or affiliates owns 1% or more of (SKS)
Citigroup Global Markets or affiliates has managed or co-managed an offering of (HD), (TGT), (WMT) within past 12 months
Citigroup Global Msrkets or affiliates has received investment banking compensation in past 12 months from (HD), (KR), (SKS), (TGT), (WMT)
Citigroup Global Msrkets or affiliates expects to receive/seek investment banking compensation from (KR), (WMT) in next three months
Citigroup Global Msrkets or affiliate received non-investment banking compensation in past 12 months from (HD), (JCP), (KSS), (KR), (M), (SWY), (SVU), (TGT), (WAG), (WMT), (COST)
(HD), (KR), (SKS), (TGT), (WMT), are or in past 12 months were investment banking clients of Citigroup Global Markets
(CVS), (HD), (JCP), (KSS), (KR), (M), (SWY), (SKS), (SVU), (TGT), (WAG), (WMT), (COST) are or in past 12 months were non-investment banking clients of Citigroup Global Markets (securities-related services)
(HD), (JCP), (KSS), (KR),(M), (SWY), (SVU), (TGT), (WAG), (WMT), (COST) are or in past 12 months were non-investment banking clients of Citigroup Global Markets (non-securities related services)
Citigroup Global Markets is a market maker in (CVS), (M), (COST)
Citigroup Global Markets and/or affiliates has a signifcant finacnial interest in relation to (HD), (KSS), (KR), (LOW), (M), (JWN), (SWY), (SKS), (SVU), (TGT), (WMT), (COST)
Citigroup Global Markets or affiilates owns 5% or more of (SKS)

—Reuters contributed to this report

Symbol
Price
 
Change
%Change
ARO
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KR
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RGC
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RSX
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