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

2026-07-31 22:37 • The Motley Fool Positive Axe Cap view: Selective

Caterpillar has emerged as a key AI stock by supplying power generators and construction equipment for data centers. The company delivered 22% YoY revenue growth in Q1, with its power and energy segment driving results. With a record $62.7 billion order backlog and projections for 15-30% annual data center electricity growth through 2030-2035, Caterpillar is positioned for sustained double-digit revenue growth while returning capital to shareholders.

Axe note: Caterpillar’s booming power solutions business positions it well amid rising AI data center demand, with clear implications for the rand and local sectors.

2026-07-31 22:15 • The Motley Fool Positive Axe Cap view: Selective

Chevron has reached an accord with Iraq to invest in the country's oil fields and join a consortium to build a pipeline bypassing the Strait of Hormuz. This strategic move could enhance energy security, make Middle East investments more attractive, and reshape Chevron's business and the broader energy sector over the next decade, though the agreement is non-binding and implementation will take considerable time.

Axe note: Chevron's pact with Iraq on new oil development and a strategic pipeline has long-term implications for energy markets and the rand.

2026-07-31 21:25 • The Motley Fool Positive Axe Cap view: Selective

Archer Aviation, an electric vertical takeoff and landing aircraft startup, is compared against Boeing, an established aerospace giant. Archer is pursuing commercialization of its Midnight aircraft with United Airlines backing but faces regulatory hurdles and significant cash burn ($618.2M net loss in 2025). Boeing is stabilizing production and returning to profitability with $89.5B in revenue but carries high debt and faces quality challenges. For long-term investors, Boeing offers steadier growth despite lower upside potential, while Archer represents higher-risk, higher-reward growth opportunity.

Axe note: Archer’s high-risk electric aircraft ambitions contrast sharply with Boeing’s steady aerospace recovery.