Netflix Attempting to Recover (NFLX, AAPL, AMZN, BBI)

Shares of Netflix NFLX are trying to recover today following a critical Barron's article on Sunday. The financial magazine recommended taking profits in the online movie rental company due to its premium valuation. Barron's said Netflix is hovering around 36 times projected 2011 earnings, compared with multiples of only 17 for Apple AAPL and 32 for Amazon AMZN. Barron's did not recommend shorting Netflix stock, saying it could rally if Blockbuster BBI goes under or if Netflix's expansion abroad fuels earnings. Shares of Netflix are up slightly on the day by 76 cents, or 0.64%, to $119.75. Shares were earlier down by 3 percent after falling 5 percent Monday.