'Fast Money' Recap: Market Deflates, Netflix Inflates

NEW YORK (TheStreet) -- The S&P 500 finished flat as stocks consolidated after making record highs in the previous two trading sessions. 

Monday's big headline came after Netflix (NFLX) beat on earnings and quickly rallied towards $400 in the after-hours session. The stock is now up over 440% this year. On CNBC's "Fast Money" TV show, Guy Adami, managing director of stockmonster.com, cautioned investors to avoid initiating new positions at these levels.

Tim Seymour, managing partner at Triogem Asset Management, said that although its subscriptions continue to increase, the valuation has more than priced in all of the good news.

Pete Najarian, co-founder of optionMONSTER and tradeMONSTER, said international subscriptions are finally starting to grow and the current subscription number is just the tip of the iceberg. 

Mark Mahaney of RBC Capital Markets said four catalysts exist to drive shares of Netflix higher: cable distribution deals, (so far there have only been rumors), price hikes that will lead to better margins, swinging from a loss to a profit in its international division and producing another award-nominated series.

JPMorgan Chase (JPM) has reportedly settled with the Justice Department for $13 billion. Karen Finerman, president of Metropolitan Capital Advisors, said investors seem to have already priced the fines into the stock price. She still likes the stock.

Josh Brown, a financial adviser of Ritholtz Wealth Management, said he is still long First Solar (FSLR), but suggested investors use the Guggenheim Solar ETF (TAN) to minimize single-stock risk. The exchange-traded fund is invested in the 22 highest levered companies to the solar industry. 

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