Axe Capital Investments

Clear market notes built around the JSE, the rand, and what matters locally.

Axe Capital Trading News shares simple market takes on the stories moving South African shares, the rand, and a handful of major currency pairs.

What you will find here:

1. JSE shares, South African companies, and the local knock-on effects of big market news.

2. The rand, interest rates, and a small group of forex pairs, with USD/ZAR at the centre.

3. Global stories only when they can actually change how a local investor might act.

Latest market stories

Jensen Huang Told Investors to "Buy at a Discount" on June 8. History Says This Is How Often CEOs Who Publicly Call the Bottom Are Actually Right.

2026-08-25 03:33 • The Motley Fool Mixed Axe Cap view: Selective

Nvidia CEO Jensen Huang urged investors to buy the stock at a discount on June 8, but the stock has remained essentially flat since then. The article examines whether CEO endorsements to buy their own stock are reliable predictors of future performance, citing mixed historical results from CEOs like Jamie Dimon, Elon Musk, and others. Nvidia is expected to report strong Q2 earnings with 97% revenue growth, positioning the stock for potential gains.

Axe note: Jensen Huang’s June call to buy Nvidia hasn’t moved markets much yet, echoing the mixed historical track record of CEO stock endorsements.

Why IMAX Stock Climbed to a New All-Time High Today

2026-08-25 01:24 • The Motley Fool Positive Axe Cap view: Selective

IMAX stock reached an all-time high driven by the exceptional success of Christopher Nolan's The Odyssey, which became the highest-grossing IMAX release ever. The company reported strong H1 2026 results with 12% revenue growth and 65% earnings growth, while installing 38 premium theater systems at its fastest second-quarter pace in a decade. Analyst Steve Frankel expects results to exceed Wall Street estimates in H2 2026, bolstered by The Odyssey's continued performance and the upcoming Dune: Part Three release.

Axe note: IMAX rally driven by hit film and rapid expansion, but what does it mean for South African investors?

Prediction: This Artificial Intelligence (AI) Stock Will Be Worth More than SpaceX Before 2026 is Over

2026-08-25 01:15 • The Motley Fool Mixed Axe Cap view: Selective

The article argues that Meta Platforms will likely surpass SpaceX in valuation by the end of 2026. Meta currently trades at a low 17.5x forward earnings compared to the S&P 500's 21.4x, while SpaceX is valued at nearly 40x sales despite generating no net income. Meta's $15.8 billion quarterly profit dwarfs SpaceX's $7.8 billion revenue, suggesting Meta's valuation is more justified and has room to grow.

Axe note: Meta trades at a modest earnings multiple while SpaceX sports a lofty sales valuation — that gap looks set to close.

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What we follow

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

JSE and rand