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

2026-07-31 09:30 • The Motley Fool Positive Axe Cap view: Selective

The article suggests that the Vanguard High Dividend Yield Index Fund ETF (VYM) has historically outperformed during bear markets and recessions compared to the S&P 500. However, it underperforms during bull markets, making it suitable only for investors specifically seeking downside protection rather than long-term growth.

Axe note: High dividend stocks tend to hold value better in downturns, but sacrifice growth in good times.

2026-07-31 09:20 • The Motley Fool Positive Axe Cap view: Selective

Realty Income, a REIT focused on brick-and-mortar retail properties, is set to report Q2 earnings on Aug. 5 with expected 7% revenue growth. The company is known for its consistent monthly dividend payments (nearly $750 annually on a $15,000 investment at current 5% yield) and 31 consecutive years of dividend increases. The company is also expanding into data centers, which could accelerate future dividend growth.

Axe note: Realty Income continues its strong dividend legacy, but South African investors should weigh currency and sector exposures carefully.

2026-07-31 09:15 • The Motley Fool Positive Axe Cap view: Selective

Apple launched a new Upgrade leasing program through Klarna, allowing customers to lease iPhones starting at $17.99/month, Apple Watches at $11.99/month, iPads at $17.99/month, and Macs at $24.99/month. The program aims to make premium devices more affordable and encourage frequent upgrades, while offsetting the impact of recent price increases driven by rising memory processor costs. Investors should monitor Q1 fiscal year results (ending December) to assess the program's success.

Axe note: Apple’s new leasing plan could trigger steadier device upgrade cycles, hinting at broader tech demand and lifting USD/ZAR sentiment.