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

2026-10-02 18:30 • The Motley Fool Negative Axe Cap view: Bearish

X-Energy, a small modular reactor (SMR) developer, went public at $23 in April 2026 but now trades at $14. While its helium-cooled TRISO fuel technology is promising and revenue is projected to grow significantly from $109M (2025) to $1.24B (2028), the company faces major hurdles including NRC approval and TRISO pebble production scaling. The analyst views it as a speculative play that may struggle to return to its IPO price without more positive developments.

Axe note: X-Energy’s promising nuclear tech is years away and faces big hurdles, making it a speculative bet even for growth seekers.

2026-10-02 18:22 • The Motley Fool Positive Axe Cap view: Selective

Following the Federal Reserve's first rate increase in three years, Matt Frankel presents a curated list of 10 stocks to buy now, featuring a mix of safe compounders, dividend payers, and higher-upside growth names suitable for various investor types.

Axe note: Fed hiking rates again shakes US tech stocks, with mixed implications for the rand and South African financials.

2026-10-02 18:05 • The Motley Fool Positive Axe Cap view: Selective

SpaceX launched three rockets in less than 13 hours, including NASA's Crew-13 mission to the ISS (fastest trip on record), a commercial payload flight with 130 satellites, and a classified Falcon Heavy mission. The stock rose 6% on the news. While the Space division reported a $542M operating loss, Starlink generated $4.3B in revenue with $1.7B operating profit. SpaceX's AI compute unit, though currently unprofitable at $1.3B loss, has major contracts potentially generating up to $3.4B monthly once operational.

Axe note: SpaceX's recent string of launches highlights operational strength and future tech earnings potential, with implications for USD/ZAR and local tech sentiment.