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

2026-08-04 13:30 • The Motley Fool Mixed Axe Cap view: Selective

The VanEck Semiconductor ETF (SMH) has fallen 20% from recent highs as investors demand tangible AI results rather than aggressive spending. Despite the correction, the ETF presents a potential 'buy the dip' opportunity, as underlying demand for semiconductors remains strong with supply still lagging, giving chip companies pricing power to sustain earnings growth.

Axe note: The recent 20% drop in the VanEck Semiconductor ETF offers a look into global tech corrections, with subtle local implications for the rand and selected sectors.

2026-08-04 13:15 • The Motley Fool Positive Axe Cap view: Selective

Meta's stock surged nearly 7% following Trump's announcement to halt Iran strikes, reflecting reduced geopolitical risk. The Middle East conflict poses material risks to Meta's operations in the UAE and Israel, impacts user engagement, and drives inflation that could increase borrowing costs for the company's massive $130-145 billion AI spending plans in 2026.

Axe note: Trump’s pause on Iran strikes lifted Meta shares, but risks linger that could rattle tech stocks globally and in SA.

2026-08-04 13:14 • The Motley Fool Positive Axe Cap view: Selective

The article recommends three high-yielding dividend stocks for income investors: AT&T (4.8% yield), Realty Income (5.1% yield), and Campbell's (7.1% yield). All three stocks trade at attractive valuations and offer sustainable dividend payments, though Campbell's faces headwinds from declining consumer demand.

Axe note: A closer look at high-yield dividend stocks and their South African parallels for steady income.