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

2026-09-04 15:34 • The Motley Fool Negative Axe Cap view: Selective

Nio stock fell approximately 14% following its Q2 earnings report, which showed operational losses increased slightly compared to Q1 despite 69% year-over-year revenue growth. While August EV deliveries remained strong with 14.5% year-over-year growth, investors are concerned about the company's path to profitability as component costs and competition continue to pressure margins.

Axe note: Strong sales growth in China’s EV market hasn't eased investor concerns on Nio’s profitability.

2026-09-04 15:34 • The Motley Fool Mixed Axe Cap view: Selective

SpaceX faces a potential technical headwind on Sept. 9 when 319 million shares become eligible for sale from early stakeholders. Rather than SpaceX, the article highlights three alternative space infrastructure companies with stronger growth potential: Rocket Lab (developing reusable medium-lift rockets), AST SpaceMobile (building satellite-based cellular networks), and Redwire (providing spacecraft power and manufacturing systems).

Axe note: SpaceX’s September share unlock may pressure its stock, but alternative space firms and local plays offer better growth angles.

2026-09-04 15:32 • The Motley Fool Neutral Axe Cap view: Selective

The U.S. added 162,000 jobs in August, more than triple economist estimates of 53,000, with broad-based gains across restaurants, government, education, and manufacturing. However, the strong jobs report increased the probability of a Federal Reserve rate hike in September from 50% to 62.4%, which spooked investors concerned about higher borrowing costs and recession risks. While the healthy labor market is structurally positive long-term, near-term market sentiment remains negative due to rate hike concerns.

Axe note: A better-than-expected US jobs number raises Fed rate hike odds, complicating the outlook for emerging markets and the rand.