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

2026-08-10 14:30 • The Motley Fool Positive Axe Cap view: Selective

Chevron raised its 2026 production forecast to 4-4.1 million barrels per day while reducing capital spending to ~$18 billion, positioning the company for significant free cash flow growth. The company anticipates generating approximately $29.1 billion in free cash flow for 2026, a 75% year-over-year increase, driven by higher oil prices amid Middle East geopolitical tensions and increased production with lower capital expenditures.

Axe note: Chevron’s stronger 2026 outlook highlights energy sector dynamics that local investors should watch closely.

2026-08-10 14:30 • The Motley Fool Neutral Axe Cap view: Neutral

NuScale Power reported disappointing Q2 2026 earnings with revenue of just $80,000 (missing estimates by 93%) and a $0.13 loss per share, yet the stock remained flat. While current results are minimal, investors are watching for a potential power purchase agreement (PPA) by end of 2026 that could trigger construction and significantly boost the stock. The company operates in a growing nuclear energy market driven by AI data center demand, but has yet to break ground on any projects pending customer payment commitments.

Axe note: Despite a dismal quarter, NuScale’s promise hinges on a power purchase deal later this year.

2026-08-10 14:25 • The Motley Fool Neutral Axe Cap view: Selective

Sandisk stock has plummeted nearly 50% from its 52-week high despite strong quarterly revenue growth of 372% year-over-year. The decline was triggered by disappointing forward guidance that missed analyst expectations, raising concerns about potential slowdown in the memory and storage market. Trading at 17x trailing earnings compared to the S&P 500 average of 26x, the stock appears undervalued and could present a buying opportunity for risk-tolerant investors, though uncertainty remains.

Axe note: Sandisk’s sharp drop raises questions about value and risks in memory stocks.