The "Halftime Report" traders delivered their thoughts as the second half of the trading day began.
Joe Terranova highlighted the Fed and what could happen at the next meeting in September.
Trader disclosure: On August 18, 2015 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders: Pete Najarian is long AMAT, AAPL, BAC, BMY, BP, CSX, DISCA, DKS, FOXA, GE, KKR, KO, LLY, MRK, PEP, PFE, he is long calls AAPL, ABX, AMKR, BBY, BEE, BHP, CRM, CSX, CY, DAL, DVN, ETFC, EXC, FB, GILD, HIG, LC, LM, LULU, MU, P, PG, PNR, RAD, RF, SYY, UAL, UPS, VLO, VZ, WFC, WYNN, XLF, VLO, ZIOP, he is long puts AUY, CTL, FCX, RIG. Today he bought GILD calls. Stephanie Link is long AAPL, BAC, CHKP, DAL, DLPH, EL, ESRX, EXP, GILD, HIG, JPM, LLY, LOW, LPX, LULU, MA, MAT, MCD, MS, PRU, SWK, TIF, UNH, VFC, WFC. Josh Brown is long AAPL, BABA, DE, DNKN, EBAY, FSLR, JMBA, PYPL, SAM, SHAK, SPWR, TWTR, XLE, XON. Joe Terranova is long VRTS.