What do the makefile symbols $@ and $< mean?

by 
CC=g++
CFLAGS=-c -Wall
LDFLAGS=
SOURCES=main.cpp hello.cpp factorial.cpp
OBJECTS=$(SOURCES:.cpp=.o)
EXECUTABLE=hello

all: $(SOURCES) $(EXECUTABLE)

$(EXECUTABLE): $(OBJECTS)
    $(CC) $(LDFLAGS) $(OBJECTS) -o $@

.cpp.o:
    $(CC) $(CFLAGS) $< -o $@

What do the $@ and $< do exactly?

6 s
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