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

2026-10-25 02:45 • The Motley Fool Positive Axe Cap view: Selective

The article predicts that the stock market will experience strong performance following the midterm elections on Nov. 3, citing historical data showing the S&P 500 has been positive in the 12 months after every midterm election since 1950 with an average gain of roughly 15%. The author notes that while recent midterm cycles have shown more modest gains (4-7%), political gridlock following the elections could create a favorable near-term environment for stocks. Democrats are favored to control both chambers of Congress, which could end the Iran war and lower inflation, though it may create headwinds for AI-related stocks.

Axe note: US midterm elections historically boost the S&P 500, but South Africa’s market reaction is less clear.

2026-10-25 02:15 • The Motley Fool Positive Axe Cap view: Selective

Three companies are positioned to benefit from AI-driven electricity demand growth: Constellation Energy and Vistra are independent power producers selling electricity at market rates, while GE Vernova manufactures turbines for power generation. Constellation is recommended for conservative investors due to its scale and dividend growth, GE Vernova appeals to growth investors with its $176 billion backlog, while Vistra ranks third due to its higher debt-to-equity ratio.

Axe note: As AI drives electricity needs higher, choices between power producers and turbine makers sharpen.

2026-10-25 01:30 • The Motley Fool Neutral Axe Cap view: Selective

Rocket Lab announced another delay to its Neutron reusable rocket's inaugural launch, pushing it from end of 2026 to 2027. The delay stems from manufacturing issues with carbon composite domes for first-stage propellant tanks, where air pockets were discovered that could compromise structural integrity. While the stock fell 25% on the news, the analyst argues the delay is prudent and won't significantly impact near-term revenues, as Rocket Lab was only planning limited launches anyway and is expected to achieve profitability next year regardless.

Axe note: Rocket Lab’s pushback on its Neutron rocket launch won’t shake South African markets or the rand much.