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

2026-10-25 14:47 • The Motley Fool Negative Axe Cap view: Neutral

SpaceX shows impressive growth with Q3 revenue surging 161% YoY and its AI 'super intelligence' segment jumping ninefold to $7.56B. However, the stock's extremely high valuation (P/S multiple of 68 vs S&P 500 average of 3.8) and potential Tesla merger risks make future growth uncertain. The author predicts SpaceX stock will likely remain around $150 by 2030 amid significant volatility, recommending investors wait for a correction.

Axe note: SpaceX’s rapid revenue growth is impressive, but its lofty valuation and potential Tesla merger cast doubt on significant share price gains by 2030.

2026-10-25 14:43 • The Motley Fool Positive Axe Cap view: Selective

With U.S. inflation at 3.7% annualized and above the Fed's 2% target for over three years, investors should consider diversified inflation-protection strategies beyond tech stocks. The article recommends four ETFs: short-term TIPS for direct inflation protection, commodity funds for energy exposure, consumer staples for defensive positioning, and dividend-paying stocks for economic resilience during high inflation periods.

Axe note: With inflation running hotter than the SARB’s target, certain sectors and stocks offer more reliable protection than growth-driven counters like Naspers.

2026-10-25 14:31 • The Motley Fool Positive Axe Cap view: Selective

Micron is transforming its business model by shifting from spot market sales to multi-year contractual agreements with floor and ceiling prices, locking in 35% of revenue through 2030. This stabilizes the traditionally cyclical memory chip business, making it more comparable to logic chip manufacturers like TSMC. With Micron trading at 5.1x forward earnings versus TSMC at 24x, the article suggests significant upside potential as the market recognizes this business model shift.

Axe note: Micron’s move to long-term contracts steadies earnings and highlights value gaps relevant for JSE investors through the rand lens.