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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

Eli Lilly Stock Has Skyrocketed. Novo Nordisk Has Crashed. 1 Number Explains Why They're Not Even Close Anymore.
2026-07-31 17:30 The Motley Fool Positive Axe Cap view: Selective

Eli Lilly has significantly outperformed Novo Nordisk in the booming GLP-1 obesity drug market, with Lilly commanding 60% market share compared to Novo's smaller portion of the combined 87% duopoly. While the obesity drug market is projected to grow from $66 billion in 2025 to $120 billion by 2030, Lilly's stock has surged 58% over 52 weeks, whereas Novo has plummeted 62% since July 2024. However, Novo's recent launch of a pill-form obesity drug could shift the competitive landscape.

Axe note: Eli Lilly’s dominant market share drives stock gains, while Novo Nordisk's new pill faces an uphill battle.

Amazon's 14.9% Jump Lifts the Dow While Apple Drags It Back
2026-07-31 17:11 The Motley Fool Mixed Axe Cap view: Selective

Amazon surged 14.9% after reporting strong Q2 earnings with AWS growing 37% year-over-year, adding 208 points to the Dow. Apple fell 9.4% despite solid Q3 results due to muted guidance citing chip supply constraints, subtracting 188 points from the index. The market remains driven by mega-cap tech stocks with strong AI cloud businesses, while most other stocks declined.

Axe note: Amazon’s cloud strength drives markets while Apple’s chip caution warns of supply chain limits.

Bernstein Just Boosted Its Robinhood Price Target to $160. Here's What's Driving the HOOD Price Upgrade.
2026-07-31 17:07 The Motley Fool Positive Axe Cap view: Selective

Bernstein raised its Robinhood price target from $130 to $160, citing a major shift in the company's revenue streams. Prediction-market trading has become Robinhood's largest revenue source at $156 million in Q2 2026, surpassing crypto trading ($100 million) and equity trading ($129 million). The firm projects prediction-market revenue will grow at a 64% compound annual rate, driven by retail investors seeking ways to profit in down markets.

Axe note: Robinhood's rising prediction-market revenue catches Bernstein’s attention with strong growth potential.

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