Weaving an Overnight Basket

Intel (INTC) reports this week and folks seem pretty optimistic about the results judging by the action in the stock and the options market. That is bleeding into names like Lam Research (LRCX), Ultra Clean Holdings (UCTT), CEVA (CEVA) and TriQuint Semiconductor (TQNT) among others today. I'm putting together an overnight basket of stocks. The names are all of equal allocations but only amount to 15% of my trading account. Intraday baskets will generally be more like 25% to 30%, but those can be holdings of anywhere from 30 seconds to a full day.

Two food names are making their way in; Sprouts Farmers Market (SFM) and Hormel Foods (HRL) have breakout charts I'm buying. Kraft Foods Group (KRFT) just missed the cut, although I could see the reasoning to add it as well....185 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.