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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

Is United Parcel Service (UPS) the Best Dividend Stock in the Industrial Sector?
2026-08-04 16:20 The Motley Fool Positive Axe Cap view: Selective

UPS trades at 14x forward earnings with a 6.4% dividend yield, down 44% from its 2022 all-time high. After facing pandemic-related volume declines, margin compression, and labor challenges, the company has stabilized by focusing on higher-margin business customers and healthcare. UPS expects 3% revenue growth and 1% EPS growth in 2026, with stronger 4% revenue and 12% EPS growth projected for 2027, suggesting it could become an attractive dividend play in the industrial sector.

Axe note: Trading well below its peak with a 6.4% yield, UPS is quietly stabilizing and aiming for steady growth by 2026.

Apple Is Down 10%. Should Investors Buy the Dip?
2026-08-04 16:15 The Motley Fool Neutral Axe Cap view: Selective

Apple stock fell 10% after reporting record earnings but disappointing guidance. Services revenue missed expectations at $30.7B, and management cited serious DRAM and NAND memory shortages driving up costs. Q4 guidance of 9-11% revenue growth fell short of analyst expectations of 12%. Despite the decline, the company maintains strong product demand with 16% YoY revenue growth, and the memory shortage is industry-wide rather than Apple-specific.

Axe note: Apple’s earnings beat expectations but cautious guidance and rising memory costs spooked investors.

Why Gartner Inc. Stock Is Soaring Today
2026-08-04 16:04 The Motley Fool Positive Axe Cap view: Selective

Gartner Inc. stock surged 17.90% after reporting Q2 2026 earnings that beat EPS expectations with $4.37 vs. $3.73 anticipated, despite revenue of $1.68B slightly missing the $1.65B forecast. The company raised its 2026 adjusted EPS guidance to $14 from $13.25 and increased free cash flow guidance to $1.19B. Analysts note the stock is trading at a significant discount to its historical valuation multiple.

Axe note: Gartner’s strong earnings and guidance raise spotlight global tech, but local currency weakness tempers enthusiasm for SA 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