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Pops & Drops: Cree, Harley-Davidson...

Following are the movers you might have missed. Find out why shares of Cree and Harley-Davidson popped while Tesoro and Monster Worldwide dropped.

POPS (stocks that jumped higher)

Cree (CREE) popped 10%. UBS raised the company to ‘Buy' from 'Neutral' and increased its price target to $92 from $60 due to a stronger than expected forecast. - If you're long I'd stay long against $72.40, says Joe Terranova. But don't chase it.

Harry Winston (HWD) popped 11%. RBC Capital upgraded the company from Sector ‘Perform’ to ‘Outperform’ and raised its price target on the stock from $11 to $14 after the company said sales were rising, especially in Asia. - It's a little rich for my blood, says Karen Finerman.

Harley-Davidson (HOG) popped 11%. RBC put out a bullish note citing improved sales, but the surge was more likely from speculation the company is a takeover target. - I wouldn't pay 28 times for this stock, counsels Patty Edwards.

Talbots (TLB) popped 1%. The retailer extended a warrants exchange offer in an attempt to complete its reorganization plan.

DROPS (stocks that slid lower)

Tesoro (TSO) dropped 6%. Deutsche removed this company from its short term buy list and Caris & Co. downgraded the stock to below average. - I think the pullback is  a buying opportunity, says Tim Seymour.

Monster Worldwide (MWW) dropped 3%. Goldman Sachs downgraded the company to ‘Sell’ from ‘Neutral’ citing "rich valuation," along with a loss of market share to competitors. - I'd watch out, counsels Jon Najarian.




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Trader disclosure: On Apr 5, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AA), (AAPL); Finerman's Firm Is Short (IYR), (IWM), (MDY), (SPY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's firm Owns (TJX); Finerman's Firm Owns (WMT), (SKS); Terranova Is Short (SHLD), (EL), (CAL), (UAUA), (FDX); Terranova Is Long May 2010 Crude Oil Futures; Jon Najarian Owns (AKS) Call Spreads; Jon Najarian Owns (STLD) Call Spreads; Jon Najarian Owns (X) Call Spreads; Jon Najarian Owns (NUE) Call Spreads; Jon Najarian Owns (CREE) Call Spreads; Jon Najarian Owns (DF) Call Spreads; Jon Najarian Owns (FCX), Is Short (FCX) Calls; Jon Najarian Owns (AAPL), Is Short (AAPL) Calls; Jon Najarian Owns (RIMM), Is Short (RIMM) Calls; Jon Najarian Owns (AAPL) Call Spreads; Jon Najarian Owns (AKS) Call Spreads; Jon Najarian Owns (FCX), Is Short (FCX) Calls; Jon Najarian Owns (IGT), (IGT) Calls; Jon Najarian Owns (NUE) Call Spreads; Jon Najarian Owns (RS); Jon Najarian Owns (TJX), Is Short (TJX) Calls; Jon Najarian Owns (WMT), Is Short (WMT) Calls; Jon Najarian Is Short (RIMM) Puts; Karabell Owns (FCX), (AAPL), (RIMM), (SLB); Edwards Owns (UUP); Edwards Owns (TM)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of  (XLU)
Virtus Investment Partners Owns More Than 1% Of  (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of  (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of  (XLB)
Virtus Investment Partners Owns More Than 1% Of  (XLV)
Virtus Investment Partners Owns More Than 1% Of  (XLI)

For Patty Edwards
Edwards Owns (AAPL) For Clients
Edwards Owns (ANF) For Clients
Edwards Owns (BMY) For Clients
Edwards Owns (BRK.B) For Clients
Edwards Owns (FCX) For Clients
Edwards Owns (GOOG) For Clients
Edwards Owns (JCG) For Clients
Edwards Owns (MSFT) For Clients
Edwards Owns (RIMM) For Clients
Edwards Owns (VZ) For Clients
Edwards Owns (YHOO) For Clients
Edwards Owns (WMT) For Clients
Edwards Owns (GLD) For Clients
Edwards Owns (SPY) For Clients
Edwards Owns (QQQQ) For Clients
Edwards Owns (PGM) For Clients
Edwards Owns (TM) For Clients
Edwards Owns (BKE) For Clients

For Mike Khouw
Cantor Fitzgerald & Co. Is A Market Maker In (IGT)

For Hilary Kramer
A&G Capital Owns (DNDN)
A&G Capital Owns (SPMD)

For Will Landers
BlackRock Latin America A Fund Owns (ITAU)
BlackRock Latin America A Fund Owns Cyrela
BlackRock Latin America A Fund Owns (VALE)
Landers Owns BlackRock Latin America A Fund