WEC Energy Group, Inc. (WEC), our new pick for March, is already up nearly 10% as utility stocks have done well with the economy uncertain and interest rates declining.
However, I think this safety trade is almost played, and WEC is fully valued at 22X forward estimates and with the stock close to my $100 target. I believe this is a market where quick trading gains should be taken, so sell let’s sell the stock.
Sell WEC Stock.