Top 4 Stocks to Buy Now Regardless of Fed Rate Hikes, According to InfraCap Investment Chief Jay Hatfield
Infrastructure Capital Advisors CEO and CIO Jay Hatfield highlighted four stocks he believes can perform well despite the Federal Reserve’s interest-rate policy decision, in a conversation with Phil Rosen.
High-Conviction Tech and Defense
Chief among his top recommendations is semiconductor maker Marvell Technology Inc. (NASDAQ:MRVL), which Hatfield called “the pick of the year, if not the pick of the decade.”
Highlighting a major partnership deal with Google’s parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) that implies $120 billion in potential revenue against a $12 billion revenue base, Hatfield set a $300 price target for MRVL stock, implying a 35.32% upside potential from current levels.
To cushion against broader market volatility, Hatfield recommended defense contractor Lockheed Martin Corp. (NYSE:LMT). Describing it as a “super boring stock” with a “0.3 beta,” he noted that a massive backlog of missile orders driven by Middle East conflicts offers stable performance and strong call-writing upside regardless of central bank policy.
Contrarian Wall Street Bets
Hatfield also identified asset manager KKR & Co Inc. (NYSE:KKR) and enterprise software giant Oracle Corp. (NYSE:ORCL) as contrarian opportunities, noting both are “well-hated by hedge funds” due to short-term basket trading.
Hatfield also identified asset manager KKR & Co. (NYSE:KKR) and enterprise software giant Oracle Corp. (NYSE:ORCL) as top opportunities. He argued that concerns around KKR’s private-credit exposure have been overblown, noting that private credit accounts for only about 15% of its assets.
He also highlighted that the firm recently secured $3.3 billion in proceeds from an asset sale, creating $2 billion in gains. Meanwhile, Hatfield defended Oracle’s heavy capital expenditure, arguing that its enterprise database systems represent mission-critical operational tools backed by high-return, multi-year contracts.
Macro Outlook and Rate Expectations
Despite macroeconomic headwinds, Hatfield maintains a street-high S&P 500 year-end price target of 8,250, 8.76% from its current level, based on 20 times next year’s earnings.
He harshly criticized central bank decision-making, calling the Federal Reserve a “fatally flawed” institution that miscalculates inflation through distorted indicators while ignoring rapid declines in core CPI and real-time shelter data.
Currently, the CME FedWatch tool is pricing in about a 92.5% probability of a 25-basis-point rate hike at Wednesday’s Federal Open Market Committee meeting, which would lift the benchmark target range to 3.75%–4.00%.
How Have Hatfield’s Stock Picks Performed?
| Stocks | 1-Month | 6-Months | YTD | 1-Year | 5-Years |
| MRVL | -0.14% | 152.33% | 160.88% | 228.79% | 254.95% |
| LMT | -12.36% | -17.42% | 10.29% | 12.72% | 54.59% |
| KKR | -12.29% | 16.37% | -21.56% | -30.87% | 54.75% |
| ORCL | -6.76% | -9.52% | -27.99% | -53.55% | 59.98% |
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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