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

2026-08-25 07:23 • The Motley Fool Positive Axe Cap view: Neutral

TSMC is expected to benefit from Nvidia's strong earnings report on Aug. 26. As Nvidia's largest customer (accounting for over 20% of TSMC's revenue), Nvidia's robust order book, new chip generation launches, and potential 15% price hikes should drive TSMC's growth. Analysts project TSMC's EPS could reach $47.75 by 2030, potentially pushing the stock to $1,150 (182% upside from current levels).

Axe note: TSMC’s growth tied to Nvidia’s boom may not translate into clear gains for JSE investors or the rand.

2026-08-25 07:16 • The Motley Fool Neutral Axe Cap view: Neutral

Reddit's CFO Andrew Vollero sold 10,319 shares worth $1.6 million on August 20 to cover tax obligations from a vesting event. This non-discretionary sale reduced his holdings by 4%, though he retains $35.16 million in direct equity. The company expects $140-155 million in stock-based compensation expenses in Q3 as older grants vest at higher prices. Reddit's operating cash flow exceeded $1 billion on a trailing basis, and the company spent $235 million on buybacks last quarter.

Axe note: A routine share sale by Reddit's CFO signals no alarm, but caution remains amid recent stock weakness.

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

Reddit's COO Jennifer Wong sold 38,113 shares worth $5.8 million to satisfy tax withholding obligations on vested restricted stock units, while maintaining a direct holding of over 1 million shares valued at $152.15 million. Despite strong advertising growth of 64% last quarter, Reddit's stock fell 21% after earnings as growth rates decelerate and the company faces pressure to extract more revenue per user.

Axe note: Despite a sizable share sale to cover tax obligations, Reddit’s COO keeps a strong stake, but slowing growth clouds the outlook.