×

Halftime Trades Amazon and Microsoft Ahead of Earnings

The "Halftime Report" traders give their strategy on three mega-cap earnings on deck.

"Amazon is the one to watch," said Joe Terranova. "Can they get three consecutive quarterly beats? Investors will be paying attention to Amazon's web services."

"American Airlines is on my radar," said Jon Najarian. "There's been a lot of consistent buying in this stock. It's been an outperformer." Shares are up more than 20% in the last year.

"Microsoft will be key for me, added Pete Najarian. "Microsoft CEO Satya Nadella could have something up his sleeve. I expect a big number tonight."

"Amazon and Microsoft will be important," noted Josh Brown. "You only need one real bright spot earnings report to spark and entire rally in the overall market."

Trader disclosure: On October 22, 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 AAPL, AMAT, BAC, BMY, BP, CSX, DIS, DISCA, DKS,FOXA, GE, KKR, KO, MRK, PEP, PFE, PHM. He is long calls AAPL, ABX, AGN, BEE,DAL, ETFC, F, FIT, FL, GPRO, JOY, JPM, LM, LUK, MAS, MPEL, MSFT, MXIM, PBR,POT, SWFT, UAL, VZ, ZIOP. He is long puts EWW, FCX, MRO, TSLA, X.

Jon Najarian is long FTR, PFE, PG, PPG, ZSPH. He is long calls AAPL,AMAT, BAX, BBY, BMY, CVX, EEM, FEYE, FL, HAL, JD, LUK, LUV, MCK, MDLZ, MU,MXIM, NKE, PBR, PFE, POT, PPG, QCOM, RAI, SWFT, USG, XOM.

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

Joe Terranova is long VRTS.