Saving Christmas?

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Twas the weekend before Christmas,
And all through the mall...
Americans were finally spending,
Perhaps the economy won’t stall!

According to research firm, Shoppertrak, last-minute purchases by consumers pushed sales up a monster 19% over the weekend allowing retailers to salvage a minor increase for the crucial Holiday shopping season.

So what were the goods that crazed shoppers were grabbing off the shelves over the weekend? Results suggest electronics and luxury items.

Here's how's to trade the last-minute rush that might have saved Christmas.

Activision (ATVI) is a buy, Jeff Macke says, as well as Take-Two (TTWO). Also look at BlackBerry maker Research In Motion (RIMM) and Costco (COST).

Guy Adami prefers Saks (SKS) as a takeover target.

Karen Finerman agrees with Adami and adds Children’s Place (PLCE) is a buy, because no matter how bad the economy gets, parents will probably spend on their kids.

Pete Najarian thinks AT&T (T) is a hot stock for the iPhone. And he likes Amazon (AMZN).

Symbol
Price
 
Change
%Change
FEBPUX
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COST
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PLCE
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BB
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SKS
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T
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TTWO
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Trader disclosure: On Dec. 26, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (ATVI), (DIS); Pete Najarian Owns (C), (MS), (N), (ANR); Pete Najarian Owns (HAL) Options, (MSFT) Options, (TGT) Options, (YHOO) Options; Finerman's Firm Owns (VLO), (WMT), (YHOO), (SUN), (GS), (PLCE), (SKS); Finerman's Firm Is Short (IJR), (MDY), (IWM), (SPY), (SPG), (TCO), (IYR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MBI) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts