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2026-10-24 06:30 • The Motley Fool Positive Axe Cap view: Selective

Hedge funds dramatically shifted their stance on Broadcom in September, flipping from shorting the stock in August to making it one of their most-held positions. The AI chipmaker's impressive Q3 earnings—with AI semiconductor revenue surging 221% year-over-year to $16.7 billion—drove the reversal. Despite concerns about valuation after a 59% annualized return over three years, analysts view Broadcom as attractive at current valuations with a forward P/E of 19 and strong growth projections through 2028.

Axe note: Broadcom’s explosive AI chip revenue and upbeat outlook have pushed hedge funds from short sellers to big buyers.

2026-10-24 06:11 • The Motley Fool Positive Axe Cap view: Selective

SpaceX reported strong Q3 2026 earnings with $14.5B revenue (beating $12.7B estimates) and $4.4B net income. The AI division generated $7.6B in revenue, more than half of total revenue, up from $813M year-over-year. While the stock has experienced significant volatility since its June IPO, analysts suggest long-term investors with conviction should not hesitate to buy, as the company is still in early stages of capturing its $26.5T AI-focused total addressable market.

Axe note: SpaceX’s Q3 earnings smashed forecasts driven by its AI division, but is the rally overdone for South African investors?

2026-10-24 06:07 • The Motley Fool Positive Axe Cap view: Selective

Ryder raised its 2026 comparable earnings per share forecast to $14.85-$15.05, driven by a strategic shift toward asset-light operations. Supply Chain Solutions and Dedicated Transportation now represent 60% of expected 2026 revenue, up from 44% in 2018. With $4.5 billion in available capital and commercial rental fleet utilization at 77%, management is positioned to fund growth, return capital to shareholders, and capitalize on stabilizing freight market conditions.

Axe note: Ryder’s move to asset-light services and strong earnings outlook signal potential, but SA investors should watch the rand and freight trends closely.