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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

Lemonade's Full-Year In-Force Premium Outlook Misses Expectations. Is the Growth Story Slowing or Just Repricing?
2026-07-31 14:27 The Motley Fool Positive Axe Cap view: Selective

Lemonade reported strong Q2 earnings with 79% revenue growth and raised full-year guidance, but its in-force premium outlook slightly missed Wall Street's expectations at $1.632-$1.639 billion versus estimates above $1.642 billion. Despite the miss, the company continues to demonstrate solid growth with 23% customer increase year-over-year and is expected to achieve positive adjusted EBITDA by Q4 2026. Analysts view the stock pullback as a buying opportunity rather than a sign of slowing growth.

Axe note: Lemonade’s slight miss on in-force premiums raises questions but growth remains intact.

Not Micron, Not Sandisk. This Chip Stock Could Be the Biggest Winner of the AI Memory Boom
2026-07-31 14:23 The Motley Fool Positive Axe Cap view: Selective

Lam Research, which manufactures semiconductor equipment used by memory chip makers, is positioned to be the biggest winner of the AI-driven memory boom. With memory makers planning massive capital expenditure increases (340% combined growth by 2027) and the memory shortage expected to persist until 2029, Lam Research's addressable market is expanding significantly. The company recently beat earnings expectations and projects 52% revenue growth, with analysts projecting potential 50% upside over three years.

Axe note: AI's memory chip boom boosts Lam Research, with clear ripples for the rand and sector exposure on the JSE.

1 Unstoppable Dividend ETF Up 26% in 2026 to Buy and Hold for the Next 20 Years
2026-07-31 14:18 The Motley Fool Positive Axe Cap view: Selective

The Schwab U.S. Dividend Equity ETF (SCHD) has delivered a 26% return year-to-date in 2026, significantly outperforming the S&P 500. The ETF focuses on 100 high-quality dividend-paying companies with at least 10 years of consecutive dividend payments, featuring a low 0.06% expense ratio and 3.3% dividend yield. Its portfolio emphasizes healthcare and consumer staples sectors, making it suitable for long-term buy-and-hold investors seeking stability and passive income.

Axe note: SCHD's strong 2026 run spotlights resilient dividend payers, but what does it mean for local investors?

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