Hatfield's Top Picks for Rate-Hike Resilience

Jay Hatfield, CEO and CIO of Infrastructure Capital Advisors, has identified four stocks that he believes can perform well despite potential Federal Reserve rate hikes. The top recommendation is Marvell Technology Inc. (NASDAQ:MRVL), which Hatfield called 'the pick of the year, if not the pick of the decade.'

Hatfield pointed out a major partnership deal between MRVL and Alphabet Inc.'s (NASDAQ:GOOG) Google that implies $120 billion in potential revenue against a $12 billion revenue base. He set a price target of $300 for MRVL stock, indicating a 35.32% upside potential from current levels.

Hatfield also recommended defense contractor Lockheed Martin Corp. (NYSE:LMT), describing it as a 'super boring stock' with a '0.3 beta.' The firm has a massive backlog of missile orders driven by Middle East conflicts, providing stable performance and strong call-writing upside regardless of central bank policy.

In addition to MRVL and LMT, Hatfield identified KKR & Co Inc. (NYSE:KKR) and Oracle Corp. (NYSE:ORCL) as contrarian 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.