Even some of the world's best investors make bad bets. On the "Halftime Report" today, traders Jon and Pete Najarian went head-to-head over some of Carl Icahn's commodity bets that are feeling the pressure. The two debated what name the billionaire investor should drop.
Jon Najarian thinks Icahn should dump Cheniere due to lower earnings and falling natural gas prices.
On the other side, Pete Najarian believes Freeport-McMoRan is the trade to get out of given the company's ballooning debt.
Jim Lebenthal thinks both stocks are losers at these levels, but of the two, Cheniere looks better. The company is on the leading front of exporting natural gas to Asia--where it is in demand--which makes it slightly more attractive.