CBS, XLF And More 'Fast Money Halftime Report' Picks From August 15

Joe Terranova recommended on CNBC's "Fast Money Halftime Report" a long position in U.S. Bancorp USB. He explained that its revenue comes from the U.S.

Stephen Weiss added to his short position in Financial Select Sector SPDR Fund XLF. He sees the trade as a great hedge.

Meghan Shue likes iShares Edge MSCI USA Quality Factor ETF QUAL.

Jon Najarian noticed a purchase of September calls in Xtrackers Harvest CSI 300 China A-Shares ETF ASHR. He bought the calls during the show.

Pete Najarian saw a purchase of March $55 calls in CBS Corporation CBS.