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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

Semiconductor Stocks Are Down 22%. Here's the 1 Chip Stock I'd Buy Right Now.
2026-08-03 08:30 The Motley Fool Positive Axe Cap view: Selective

Semiconductor stocks have declined 22% from their peak due to concerns about AI spending sustainability. Taiwan Semiconductor Manufacturing (TSMC) is highlighted as a top buy opportunity, leveraging its dominant 73% market share, technological lead, massive scale, and pricing power to maintain growth despite the sector pullback.

Axe note: A 22% drop in chip stocks spotlights Taiwan Semiconductor as a standout buy with strong growth and pricing power.

3 Big Takeaways From Microsoft's Earnings
2026-08-03 08:15 The Motley Fool Positive Axe Cap view: Selective

Microsoft reported strong fiscal 2026 Q4 earnings with 18% revenue growth driven by cloud computing, causing shares to surge 16%. The company expects positive free cash flow in fiscal 2027 despite high AI infrastructure investments. Microsoft emphasized that CPUs are equally important as GPUs for agentic AI, signaling a shift in compute capacity ratios and benefiting CPU manufacturers.

Axe note: Microsoft’s latest earnings highlight a growing role for CPUs in AI infrastructure, a trend South African investors should watch closely.

Up Just 2% and Still Dominant: Is Amazon the 1 Growth Stock Worth Buying Right Now?
2026-08-03 08:02 The Motley Fool Positive Axe Cap view: Selective

Amazon's stock has underperformed the broader market with only 2.5% gains over three months, but the article argues it presents a compelling buying opportunity. The company maintains dominant positions in e-commerce and cloud computing (AWS), with AWS growing 36.8% year-over-year. Despite investor concerns about $220 billion in capital expenditures, Amazon's valuation has become attractive with a P/E ratio of 22, down from 35 a year ago and well below its five-year median of 50.

Axe note: Amazon’s modest recent gains mask strong cloud dominance and a more reasonable valuation.

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