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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.

Also see: Stay Away from Check Cashers, Go to Walmart >>

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.

Also see: Have Big Media Stocks Run Too Far? >>

Reading the Table

OV / UN Valued

: The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine.

VE Rating

: A "1-Engine" rating is a Strong Sell, a "2-Engine" rating is a Sell, a "3-Engine" rating is a Hold, a "4-Engine" rating is a Buy and a "5-Engine" rating is a Strong Buy.

Last 12-Month Return (%)

: Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage.

Forecast 1-Year Return

: Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months.

Value Level

is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.

Pivot

: A level between a value level and risky level that should be a magnet during the time frame noted.

Risky Level

is the price at which to enter a GTC Limit Order to sell on strength.

Woodshed stocks profiled on Feb. 7, 2013:

CH Robinson Worldwide

(CHRW) - Get Free Report

($59.15 vs. $60.50 on Feb. 7) has been downgraded to sell from hold and is thus a source of funds. CHRW has a negative weekly chart profile with the five-week modified moving average (MMA) at $59.34 and the 200-week SMA at $64.01. My quarterly value level is $53.20 with an annual risky level at $60.96.

Constellation Brands

(STZ) - Get Free Report

($47.41 vs. $31.37 on Feb. 7) has been downgraded to hold from buy and thus positions should be reduced on strength. STZ has a positive but overbought weekly chart profile with the five-week MMA at $43.41. My monthly value level is $44.26 with a weekly pivot at $45.64 and monthly risky level at $48.21.

Time Warner Cable

(TWC)

($96.01 vs. $88.09 on Feb. 7) has been downgraded to hold from buy and thus positions should be reduced on strength. TWC has a positive weekly chart profile with the five-week MMA at $92.87. My semiannual value level is $92.08 with a quarterly pivot at $95.89 and monthly risky level at $100.60.

Yum! Brands

(YUM) - Get Free Report

($71.32 vs. $62.93 on Feb. 7) has been downgraded to hold from buy and thus positions should be reduced on strength. YUM has a positive weekly chart profile with the five-week MMA at $68.15. My monthly value level is $67.67 with a weekly pivot at $69.41 and semiannual risky level at $72.47.

Woodshed stocks profiled on Feb. 13, 2013:

Akamai Technologies

(AKAM) - Get Free Report

($35.16 vs. $36.74 Feb. 13) has been upgraded to buy from hold, which makes the stock a buy-and-trade candidate. AKAM has a negative weekly chart profile with the stock between its 200-week SMA at $33.82 and its five-week MMA at $36.46. My weekly value level is $32.21 with a monthly risky level at $44.05.

Ann

(ANN)

($28.99 vs. $28.44 on Feb. 13) has been downgraded to hold from buy and thus positions should be reduced on strength. ANN has a negative weekly chart profile with the 200-week SMA at $23.48 with the five-week MMA at $30.02. My weekly value level is $27.16 with an annual pivot at $30.07 and quarterly risky level at $30.91.

Nuance Communications

(NUAN) - Get Free Report

($20.11 vs. $18.91 on Feb. 13) has been downgraded to hold from buy and thus positions should be reduced on strength. NUAN has a neutral weekly chart profile with the five-week MMA and 200-week SMA at $19.93 and $19.37. My weekly value level is $15.84 with a monthly pivot is $19.91 and my semiannual risky level at $20.75.

Riverbed Technology

(RVBD)

($14.91 vs. $16.12 on Feb. 13) has been upgraded to buy from hold and thus has become a buy-and-trade candidate. RVBD has an oversold weekly chart profile with the five-week MMA at $15.93. My weekly value level is $11.66 with a quarterly pivot at $15.42 and monthly risky level at $20.95.

Valspar

(VAL) - Get Free Report

($62.03 vs. $61.94 on Feb. 13) has been downgraded to sell from buy becoming a source of funds. VAL has a negative weekly chart profile with the five-week MMA at $63.31. My quarterly value level is $60.41 with a semiannual pivot at $63.37 and monthly risky level at $65.37.

Woodshed stocks profiled on Feb. 20, 2013:

Rackspace

(RAX)

($49.74 vs. $57.74 on Feb. 20) has been upgraded to buy from hold making the stock a buy-and-trade candidate. The weekly chart profile is negative with the five-week MMA at $57.28. My weekly value level is $38.65 with a quarterly risky level at $75.06.

Woodshed stocks profiled on March 4, 2013:

Foster Wheeler

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($22.67 vs. $20.22 on March 4) has been downgraded to hold from buy so positions in this stock should be reduced on strength. FWLT has a negative weekly chart profile with the stock below its five-week MMA and 200-week SMA at $23.10 and $25.89. My weekly value level is $20.32 with a semiannual risky level at $26.44.

Garmin

(GRMN) - Get Free Report

($32.97 vs. $35.14 on March 4) has been upgraded to buy from hold making the stock a buy-and-trade candidate. GRMN has an oversold weekly chart profile with the five-week MMA and 200-week SMA at $35.44 and $35.08. My weekly value level is $32.90 with a monthly risky level at $38.37.

JC Penney

(JCP) - Get Free Report

($14.89 vs. $17.69 on March 4) has been upgraded to strong buy from hold making the stock a buy-and-trade candidate. JCP has a negative weekly chart profile with the five-week MMA at $17.03. The March 2009 low is $13.71 with a weekly pivot at $16.33 with a semiannual risky level at $17.38.

Verifone Systems

(PAY)

($20.36 vs. $19.05 on March 4) had been downgraded to hold from buy than upgraded this morning back to buy making the stock a buy-and-trade candidate. PAY has a negative weekly chart profile with the five-week MMA at $23.65. My weekly value level is $13.94 with a monthly risky level at $24.97.

At the time of publication, the author had no positions in the stocks mentioned.

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This article was written by an independent contributor, separate from TheStreet's regular news coverage.