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

2026-10-25 07:34 • The Motley Fool Positive Axe Cap view: Selective

Alphabet offers two classes of common stock: Class A shares (GOOGL) with voting rights trading about 1% higher than non-voting Class C shares (GOOG). With co-founders Larry Page and Sergey Brin controlling 53% of voting power, the author argues the voting premium is largely symbolic and recommends Class C shares as the better value for most investors.

Axe note: Alphabet’s voting Class A shares trade about 1% above non-voting Class C shares, but the premium isn’t worth the cost.

2026-10-25 07:08 • The Motley Fool Positive Axe Cap view: Selective

SpaceX reported strong Q3 results with its Super Intelligence segment revenue soaring 830% year-over-year to $7.6 billion, signaling robust demand for AI compute. The company's $16.4 billion capex in its AI business and CEO Elon Musk's prediction of a prolonged superintelligence compute shortage suggest sustained growth in AI infrastructure spending, benefiting GPU suppliers and AI compute rental companies.

Axe note: SpaceX’s massive AI spending hike underscores Nvidia's growth potential, with limited direct JSE proxies beyond tracking rand exposure.

2026-10-25 06:05 • The Motley Fool Positive Axe Cap view: Selective

General Motors announced a $20 billion share buyback and beat revenue expectations with $50 billion in Q3 revenue, while Tesla trades at a premium P/E ratio of 351 despite falling net income. The analyst recommends GM as the better buy today due to its consistent profitability, reasonable valuation, and share buyback program, while Tesla offers higher upside potential but carries significant execution risks and uncertainty around potential merger with SpaceX.

Axe note: General Motors’ $20 billion share buyback and solid earnings contrast sharply with Tesla’s sky-high valuation and uncertain outlook.