Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Thursday.

Pops

Anheuser-Busch

(BUD) - Get Anheuser-Busch InBev SA/NV Sponsored ADR Report

popped 5% today.

Applied Biosystems

(ABI)

popped 5% on a buyout announcement from Invitrogen

( IVGN).

Palm

( PALM) popped 10% after landing a Verizon Wireless contract. Jeff Macke said to take profits.

Qualcomm

(QCOM) - Get QUALCOMM Incorporated Report

popped 6%. Guy Adami said that projections look strong for this tech play.

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Nortel

( NT) popped 9% on a JPMorgan upgrade.

Cyberonics

(CYBX)

popped 7%, Karen Finerman said that the company has turned around and finally is profitable.

Honeywell

(HON) - Get Honeywell International Inc. (HON) Report

climbed 3%.

Drops

Jo-Ann Stores

( JAS) dropped 10% today after being downgraded.

Dreamworks

(DWA)

dropped 4%, Adami said that UBS downgraded this stock. The "buying is over," and investors should stay away, he said.

This article was written by a staff member of TheStreet.com.