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Traders highlight Starbucks & Amazon before earnings reports

The "Halftime Report" closed the show with their top trades ahead of an earnings parade.

Jim Lebenthal said he wouldn't be a buyer of Amazon here. He thinks earnings expectations are way too high and wouldn't be surprised if results disappoint.

Joe Terranova liked Starbucks as a core long-term holding.

Pete Najarian said he would be shocked if Starbucks didn't have an incredible quarter.

Trader disclosure: On July 23, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Halftime Report" traders: PETE NAJARIAN: Long AMAT, AAPL, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AAPL, ABX, AGNC, AMKR, AXP, BAC, C, CRM, CY, DAL, DVN, ETFC, LC, LM, LULU, LVS, MU, OC, PNR, RF, UAL, USB, VZ, WYNN, XLF, ZIOP, he is long puts AUY, OAS, RIG. Today he bought AUY puts; today he sold some LVS calls and WYNN calls.STEPHANIE LINK: Long AAPL, BAC, CHKP, DAL, HIG, JPM, LLY, LOW, LULU, MCD, MS, PRU, SWK, TIF, WFC. JOE TERRANOVA: Long VRTS. JIM LEBENTHAL: Long AAPL, BP, C, CSCO, DCO, EEQ, GAIA, GM, IBM, INTC, JCP, MPC, OA, ORBC, PFE, QCOM, SJT, SPLS, TGT, TIF, TRMB, VDSI, WGO.