Axe Capital Investments

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

Netflix and MercadoLibre Are Underperforming the S&P 500. Here's the 1 Stock I'd Buy in August.

2026-08-06 17:17 • The Motley Fool Negative Axe Cap view: Selective

Netflix and MercadoLibre have significantly underperformed the S&P 500 this year, down 38% and 23% respectively. Both stocks disappointed investors with recent quarterly results, facing challenges like slowing revenue growth at Netflix and margin contraction at MercadoLibre. Despite near-term headwinds, the author views both as historically cheap opportunities but favors MercadoLibre for August purchases due to its faster growth and longer runway in Latin America's digital migration.

Axe note: Netflix and MercadoLibre are beaten down, but only one makes sense for investors this August.

SpaceX Stock: 3 Reasons I Am Not Buying the Dip

2026-08-06 16:30 • The Motley Fool Negative Axe Cap view: Bearish

SpaceX stock has declined 20% from its IPO price despite strong Q2 revenue growth of 92% to $7.8 billion. The analyst identifies three concerns: massive AI spending ($15.8B capex in Q2) with uncertain near-term returns, shareholder dilution from the $60B all-stock acquisition of Cursor AI startup, and an unreasonable valuation with a P/S ratio of 73.4 compared to industry norms below 2. The author suggests waiting for further price declines before investing.

Axe note: SpaceX’s big AI bets, dilution risks, and sky-high valuation make me wary despite rapid revenue growth.

Chewy CEO Sumit Singh Sells 81,841 Shares for $1.9 Million -- Is the Stock a Sale?

2026-08-06 16:26 • The Motley Fool Neutral Axe Cap view: Selective

Chewy CEO Sumit Singh sold 81,841 shares worth approximately $1.9 million through a pre-arranged trading plan, reducing his equity holdings by 8% while retaining ~$20.5 million in beneficial interest. The analyst views this as a non-noteworthy transaction given Singh's continued substantial stake in the company and the pre-arranged nature of the sale, noting that Chewy's stock decline appears tied to valuation normalization rather than operational concerns.

Axe note: Chewy’s CEO sold shares, but the move seems more about routine than signal; what does this mean for JSE investors watching USD/ZAR?

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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