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Bank of America U.S. Equities Head's Top Trade Ahead of the Fed

Bank of America Merrill Lynch's top U.S. Equity Strategist, Savita Subramanian, gives her top trade ahead of the Fed.

"If the Fed hikes, buy synthetic cash," advised Subramanian. "Cash goes from being worthless to being worth something."

She added "U.S. large-cap companies with high cash balances actually start to lead the market."

Trader disclosure: On September 17, 2015, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Jon Najarian is long AAPL, BMY DIS, FB, FTR, GE, NBL, PFE, PG, PPG, RAI, TEVA, XOM, YHOO, ZSPH, ZTS he is long calls AAL, ABX, ADXS, BBY, BMY GE, HZNP, MCK, MDLZ, NBL, PBR, RAI, PFE, PPG, SWFT, YHOO. Today he bought ADXS calls, PBR calls, and ZTS stock

Josh Brown is long AAPL, BABA, DE, DNKN, EBAY, FB, JMBA, NFLX, PYPL, SAM, SHAK, SPWR, TWTR, XLE, XON.

Joe Terranova is long VRTS.