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

2026-09-04 09:30 • The Motley Fool Neutral Axe Cap view: Selective

The author recommends SPDR Gold Shares (GLD) as the best gold ETF for most investors, citing its size ($146B AUM), global accessibility across multiple exchanges, and transparent holdings verification. While its 0.4% expense ratio is higher than competitors, it remains a practical inflation hedge, especially during periods of elevated inflation. The author maintains a ~4% portfolio allocation to GLD.

Axe note: Despite higher fees, SPDR Gold Shares (GLD) remains a practical inflation hedge worth considering in 2026.

2026-09-04 09:22 • The Motley Fool Positive Axe Cap view: Selective

The Schwab U.S. Dividend Equity ETF (SCHD) is recommended as an effective vehicle for generating sustainable passive income through dividends. With a 3.2% yield and a history of increasing annual dividends since 2011, investors would need approximately $187,500 invested to generate $500 monthly in dividend income. The fund focuses on high-quality dividend-paying stocks and has delivered 13.4% annual returns since inception.

Axe note: Examining the U.S. dividend ETF SCHD through a South African investor's lens.

2026-09-04 09:11 • The Motley Fool Negative Axe Cap view: Selective

TJX Companies' stock dropped nearly 15% in August despite solid Q2 2027 earnings with 5% revenue growth and 22% net income increase. The decline was driven by the company's full-year adjusted earnings guidance of $5.15-$5.20 per share falling short of analyst expectations of $5.22, combined with downgrades from Jefferies and Gordon Haskett analysts. The stock's prior strong performance had inflated valuations, making investors unforgiving of even modest misses on forward guidance.

Axe note: TJX’s shares fell nearly 15% after guidance disappointed, showing how stretched valuations can punish even solid results.