Pops & Drops: Deere, J. Crew...

Following are the day’s biggest winners and losers. Find out why shares of Deere and Lennar popped while J Crew and Borders Group dropped.

POPS (stocks that jumped higher)

Deere (DE) popped 8%. The farm equipment maker popped despite guiding lower for 2009 and being downgraded to 'Market Perform' from 'Outperform' by Wachovia. – I think it looks good on a technical basis, says Guy Adami.

Lennar Corp (LEN) popped 23%. UBS raised the homebuilder to ‘Buy’ from ‘Neutral’ citing valuations. – It’s been heavily shorted and could rally in December, says Joe Terranova.

Fluor (FLR) popped 14%. Sanford Group upgraded the company citing Obama's upcoming infrastructure spending plans. – I think the stock could be a little overdone, says Karen Finerman.

Limited Brands (LTD) popped 3%. Despite cutting its full-year earnings guidance and saying its chains were experiencing weak mall traffic, the retailer closed higher. – The market was up 3% too, says Guy Adami.

TiVo (TIVO) popped 10%. The firm reported a small loss in the third quarter, beating analysts’ expectations.- They have limited exposure to the Circuit City bankruptcy, says Joe Terranova.

US Natural Gas Fund (UNG) popped 4%. The natural gas fund made gains as the commodity price moved higher.

DROPS (stocks that slid lower)

J Crew (JCG) dropped 2%. The company reported disappointing earnings and Needham downgraded the firm to 'Hold' from 'Buy.' – I was long and it’s been one of my worst ideas of 2008, says Jeff Macke.

BCE (BCE) dropped 24%. Canada’s largest phone company warned that it may not be able to go private by its targeted date due to tough economic conditions. – It traded 23 million shares on Wednesday, adds Joe Terranova. Typically it grades 1.5 million.

Borders Group (BGP) dropped 41%. The bookseller reported earnings that were worse than expected. – No good, says Jeff Macke.

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Trader disclosure: On Nov. 26, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (NUE), (MSFT); Macke Owns (UUP), (MSFT), (WMT), (GM); Macke Is Short (TM); Finerman's Firm Owns (DSX), (RIG), (MSFT); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (GNK), (EXM), (BBT), (COF), (USO); Terranova Owns (DIS), (XOM), (GIS)

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CLB), (DLR), (EPR), (EXR), (MAC), (SLB), (SKT), (UA), (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.; Virtus Investment Partners Owns More Than 1% Of Shares Of Corporate Office Properties Trust SBI MD

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