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

2026-08-04 14:30 • The Motley Fool Positive Axe Cap view: Selective

The article recommends the Vanguard S&P 500 ETF (VOO) as a reliable long-term investment strategy despite concerns about potential bear markets in 2026. With $1.7 trillion in assets under management, a 0.03% expense ratio, and 10-year annualized returns of 15.04%, the ETF provides diversified exposure to 506 of America's largest companies. Historical data shows the S&P 500 has delivered approximately 10% annual returns since 1928, even through major crises, supporting a buy-and-hold strategy for long-term investors.

Axe note: Even with talk of a 2026 bear market, the Vanguard S&P 500 ETF’s record demands a closer look from JSE investors.

2026-08-04 14:21 • The Motley Fool Positive Axe Cap view: Selective

Bank of America analyst Vivek Arya reiterated a buy rating on Micron with a $1,550 price target, arguing that while semiconductor stocks are cyclical and will eventually face margin pressure, the industry remains years away from a downturn. Arya projects Micron could earn $150 per share by 2028, making the stock attractive even at current valuations.

Axe note: Despite semiconductor cyclicality, Micron’s long-term earnings outlook supports its current rally.

2026-08-04 14:15 • The Motley Fool Neutral Axe Cap view: Selective

CNX Resources lowered its 2026 guidance for adjusted EBITDAX and free cash flow, citing a softening near-term natural gas market outlook. However, the company projects approximately $90 million in annual carbon credit run rate starting in 2027 from 45Z tax credits and environmental attribute sales. Management maintains its capital allocation strategy with continued share repurchases despite near-term headwinds, while operational activity is expected to increase in Q3 with multiple well turn-in-lines.

Axe note: Soft natural gas markets pressure CNX’s near-term earnings, yet carbon credits and operational strength offer hope.