Momentum

Globe gains momentum on data and video experience improvements, well-ahead of aggressive builds

Globe gains momentum on data and video experience improvements, well-ahead of aggressive builds

Globe has been consistently upgrading its network and accelerating infra builds as part of its efforts to provide better data experience and connectivity to its subscribers. Prior to the pandemic in 2019, Globe spent P51 billion in capex to increase its builds, putting up 139% more cell sites compared to 2018.  As a result, 4G base stations of the company increased, putting up 28% more than 2018, doubling the deployment of massive MIMO (multiple input, multiple output) sites, thus considerably adding more data capacity.

For 2020, the company committed to spend Php 50.3 billion in capex, a large portion of which is allotted for its network upgrade initiatives.  This year there is a lot of optimism to do more infrastructure builds with the implementation of the Joint Memorandum Circular (JMC) No. 01 s. 2020 signed by the Department of Information and Communications Technology, Department of Interior and Local Government, Anti-Red Tape Authority and other government agencies and the recent signing of the Bayanihan 2  We Recover As One Act, which aim to shorten the process of issuing permits to build. For the 2-month period from August to September, Globe was able to secure a total of 715 permits, this would enable builds in areas from Bangued in Northern Luzon to Butuan City in the Caraga Administrative Region in Northeastern Mindanao. Despite the pandemic, Globe’s critical skeletal workforce composed of engineers, installers, repairmen and other personnel has continued to work on network improvements and site builds to ensure unhampered connectivity for subscribers.

For 2021, Globe undertakes an even more aggressive network upgrade and expansion by focusing on 4G/LTE for a

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Here’s Why Meritage Homes (MTH) is a Great Momentum Stock to Buy

Momentum investing is all about the idea of following a stock’s recent trend, which can be in either direction. In the ‘long’ context, investors will essentially be “buying high, but hoping to sell even higher.” And for investors following this methodology, taking advantage of trends in a stock’s price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Meritage Homes (MTH), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It’s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Meritage Homes currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

Let’s discuss some of the components of the Momentum Style Score for MTH that show why this homebuilder shows promise as a solid momentum pick.

Looking at a stock’s short-term

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