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

2026-10-24 13:46 • The Motley Fool Positive Axe Cap view: Selective

SpaceX achieved its first profitable quarter as a public company with $0.35 EPS, driven by strong performance in its Connectivity (Starlink) and Super Intelligence (AI) divisions. While the AI segment showed explosive 830% year-over-year growth, the stock trades at a premium 114x earnings valuation. The analyst suggests the company is on the right track but needs to triple earnings to reach reasonable valuation levels, making it a potential long-term buy for believers in its future despite current high valuation.

Axe note: SpaceX’s record profit and sky-high valuation call for a cautious but patient approach.

2026-10-24 13:15 • The Motley Fool Positive Axe Cap view: Selective

The article highlights five dividend stocks yielding 5% or more as attractive income opportunities despite market headwinds. Hormel and Clorox face consumer staples pressures but maintain strong dividend histories. Realty Income offers reliable monthly dividends despite REIT sector challenges from rising rates. Enbridge and Enterprise Products Partners provide stable midstream energy infrastructure exposure with decades of dividend growth.

Axe note: These US-listed dividend payers yield 5%+ and offer steady income despite market pressures.

2026-10-24 13:06 • The Motley Fool Negative Axe Cap view: Selective

The stock market has more than doubled since the 2022 bear market, driven largely by AI infrastructure spending. However, four historically reliable indicators are now signaling potential trouble: the Shiller P/E ratio is at the second-highest level in history, margin debt has surged 77% to record highs, AI adoption may be overestimated similar to past tech bubbles, and the S&P 500 shows extreme concentration with the top 15 stocks accounting for nearly 47% of the index's value—far exceeding dot-com bubble levels.

Axe note: Four key warning signs suggest the US tech rally may be due for a sharp correction, with implications for SA investors.