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

2026-10-11 21:15 • The Motley Fool Mixed Axe Cap view: Selective

AMD stock has surged over 180% in 2026, but the article argues its valuation has become unsustainable at 85x forward earnings—far higher than peers like Nvidia (26x) and Broadcom (32x) despite slower revenue growth. The author suggests the rally was driven by investors recognizing existing chip usage rather than new deals, and predicts AMD could face declines in 2027 as investors take profits and reposition into cheaper, faster-growing competitors.

Axe note: AMD’s stretched valuation signals a stumble ahead, with Nvidia and Broadcom better positioned for the next leg up.

2026-10-11 21:11 • The Motley Fool Positive Axe Cap view: Selective

Vanguard Total Bond Market ETF (BND) and Vanguard Intermediate-Term Treasury ETF (VGIT) both charge 0.03% in expenses but serve different portfolio roles. BND offers broader exposure to 16,281 investment-grade bonds including corporate and government debt with a 4.2% yield, while VGIT focuses exclusively on U.S. Treasuries with lower volatility and a 4.1% yield. BND is recommended as the stronger default choice for most long-term investors seeking comprehensive bond exposure, while VGIT suits those prioritizing safety and defensive positioning.

Axe note: Choosing between Vanguard’s broad bond market ETF and Treasury-only ETF depends on your risk tolerance and income needs.

2026-10-11 19:10 • The Motley Fool Negative Axe Cap view: Selective

Palantir Technologies faces headwinds despite strong recent performance due to its extremely high valuation and rising competition from AI labs like OpenAI and Anthropic. With a price-to-sales ratio of 81, the stock is priced for perfection with significant growth already baked in. Historical precedent suggests companies trading at such high multiples experience lackluster long-term returns, and Palantir could be disrupted by competitors offering similar capabilities at lower costs.

Axe note: Palantir’s sky-high valuation and growing AI competition suggest caution despite recent gains.