NEW YORK (TheStreet) -- With Citi raising its price target for Netflix (NFLX) shares from $584 to $722, investors who don't already own the stock may be wondering whether to jump in. And CNBC's "Fast Money Halftime Report" panelists explored that very topic on Thursday.
The group cited pockets of improvement in the markets, despite volatility, and noted that stocks hit record highs this week.
Mario Gabelli, founder of Gamco Investments and chairman of the Gabelli Funds, said he anticipated the markets further improving by the year's end, as Europe continues on its uptrend and Japan's stock market performs well, as does those of China and the U.S.
Josh Brown, CEO and co-founder of Ritholtz Wealth Management, said the New York Stock Exchange is heading toward reaching new highs, mid-cap stocks are ready to explode and regional banks have already taken off.
Expressing a similar sentiment, Joe Terranova, chief market strategist for Virtus Investment Partners, said equities look like they are already "breaking out."
On the retail front, with companies like Target (TGT) and Best Buy (BBY) posting stronger than expected quarters and big-box discounter Wal-Mart Stores (WMT) releasing disappointing earnings, guest speaker and retail analyst Dana Telsey of the Telsey Advisory Group said that while the retail industry's earnings reports have been a mixed bag, comparable same-store sales seem to be presenting encouraging news thus far for the second quarter and headed into the last half of the year.