The "Halftime Report" closed the show with their top trades ahead of the Fed.
Michael Block suggested shorting financials.
Pete Najarian and Steve Weiss took the other side of that trade. They expect new highs in the sector..
Trader disclosure: On July 29, 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, AGNC, AMKR, AXP, BAC, C, CRM, CSX, CY, DAL, DVN, ETFC, GILD, LC, LM, LULU, LVS, MU, P, PG, PNR, RF, TWTR, UAL, USB, VZ, WYNN, XLF, ZIOP, he is long puts AUY, RIG. Today he bought CSX calls, PG calls. JOSH BROWN: Long AAPL, DE, DNKN, EBAY, FSLR, JMBA, SAM, SHAK, SPWR, TNET, TWTR, XLE, XON. STEVE WEISS: Long AAL, BAC, C, ESPR, LPL, NCR, RHHBY, SCHW, ZTS. 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.