NEW YORK ( TheStreet) -- When a stock gets a serious one-day price cut due to a company-specific event, such as an earnings miss or lowered guidance, I say that the stock has been sent to the woodshed.
At times, even a buy-rated stock enters woodshed status, and if the reason does not cause a downgrade, investors need to know a value level at which to "catch that falling knife."
Since Feb. 7, I've profiled 35 stocks that were hit hard on adverse news. Today, I profile the 14 stocks that have been upgraded or downgraded since being chopped behind the woodshed.
On Feb. 7, I wrote
Nine Stocks Take Trip to the Woodshed. Four of these stocks have been downgraded since this post.
On Feb. 13, I profiled Seven Stocks Go to the Woodshed While Apple Fills Gap. Two of these stocks have been upgraded and three have been downgraded since this post. On Feb. 20, I wrote Woodshed Stocks Face Another Valuation Warning. One of these stocks has been upgraded since this post. March 4 was the last time I talked about the woodshed, in Apple Joins Others Behind the Woodshed. Two of these have been upgraded and two have been downgraded. One of the downgraded stocks has been upgraded to buy this morning.