Still watching?: CEO says you shouldn't give up on Netflix yet

Fox Business featured Infrastructure Capital Management CEO Jay Hatfield arguing Netflix has been unfairly punished and could be a buying opportunity despite a rough year. He said NFLX has been “double-hammered” by a failed merger and by market rotation away from non-chip NASDAQ names, and estimated about 30% upside based on attractive PEG ratios and stronger growth prospects. The discussion also contrasted Netflix with lower-growth names like Walmart, Kraft Heinz, Costco, and Comcast, while noting Amazon has outperformed Walmart. Separately, Hatfield reiterated a bearish call on oil, saying crude could fall to $60 as OPEC produces at maximum levels and Iran’s oil exports normalize. Broader market tone was weak, with major averages mostly red into the close.