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

2026-07-23 02:15 • The Motley Fool Positive Axe Cap view: Selective

President Trump's announcement of a renewed blockade on Iran's ports caused oil prices to surge and the broader stock market to fall. The article discusses how geopolitical conflicts create volatility in energy markets and recommends large, diversified energy companies like ExxonMobil and Chevron as stable investments for most investors due to their strong financials, dividend track records, and ability to weather commodity price swings.

Axe note: Rising oil prices from Middle East tensions push local energy costs and rand volatility higher.

2026-07-23 02:05 • The Motley Fool Positive Axe Cap view: Selective

Oatly Group's stock surged 19.12% after the Swedish oat milk maker reported Q2 revenue growth of 15.2% to $240 million, driven by strong European and international performance. The company raised its full-year revenue growth guidance to 8%-10% from 3%-5%, while improving gross margins to 33.9% and narrowing net losses. Management highlighted expanding market share, new product formats appealing to younger consumers, and ongoing cost optimization efforts.

Axe note: Oatly’s share jump reflects solid growth abroad, but local plays require a cautious eye.

2026-07-23 01:30 • The Motley Fool Negative Axe Cap view: Selective

SpaceX stock has fallen nearly 50% from its peak since IPO, trading below its $135 offering price. While Wall Street analysts issued bullish price targets averaging $278, Morgan Stanley forecasts no positive free cash flow until 2035 and estimates the company will need approximately $84 billion annually ($672 billion total) in external capital through 2034. The analysis suggests SpaceX's current $1.5 trillion valuation is difficult to justify given the decade-long cash burn projection, and the stock may continue declining as investors realize the company's ambitious goals remain decades away from profitability.

Axe note: Morgan Stanley’s sobering forecast questions the frenzy around SpaceX’s IPO and its $1.5 trillion valuation.