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

2026-08-06 10:30 • The Motley Fool Positive Axe Cap view: Selective

The Invesco QQQ ETF, which tracks the Nasdaq-100 index of large non-financial tech companies, has delivered over 10% annual returns since its 1999 inception despite the dot-com crash. A consistent $400 monthly investment over 30 years could grow to approximately $1 million, though investors must tolerate significant short-term volatility to achieve long-term gains.

Axe note: Steady investment in Nasdaq-heavy QQQ has proven a powerful wealth builder, but volatility is real.

2026-08-06 10:15 • The Motley Fool Positive Axe Cap view: Selective

Amazon increased its 2026 capital expenditure forecast to $220 billion (from $200 billion), citing memory chip costs as the primary driver. The surge in AI demand has created a memory chip shortage, benefiting manufacturers like Micron. Despite strong projected growth, memory chip prices are expected to remain elevated through 2027 and beyond due to persistent supply constraints.

Axe note: Amazon’s massive $220 billion 2026 spending spree signals lasting strength for memory chip makers amid AI-driven shortages.

2026-08-06 10:05 • The Motley Fool Positive Axe Cap view: Selective

Analyst predicts Nvidia will deliver a blowout Q2 earnings report on Aug. 26, potentially reporting ~$95B in revenue versus guided $91B. The stock trades at unusually low valuations (low-20s forward P/E) compared to historical August levels (35x+), suggesting significant upside potential if the company beats expectations and maintains its track record of underpromising and overdelivering.

Axe note: Nvidia’s likely blowout results could pressure the rand and tech-related plays in South Africa.