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

2026-09-30 10:28 • The Motley Fool Positive Axe Cap view: Selective

Ferrari shares purchased at their March 2026 low of $314.63 have gained 26.5% to reach approximately $1,265 by late September. The stock currently trades at $402.05, down 23% from its peak, with a P/E ratio of 37. The article highlights how market volatility can create buying opportunities for long-term investors in quality companies.

Axe note: Ferrari’s 26.5% rebound since March 2026 lows shows how timing volatility can pay off, but it’s not a straightforward local play.

2026-09-30 10:21 • The Motley Fool Positive Axe Cap view: Selective

Nebius Group stock has surged 183% in 2026, with BNP Paribas raising its price target to $399, implying 68% upside. The neocloud specialist rents AI data centers and is capitalizing on strong demand by raising prices for infrastructure services. With a $40 billion backlog and expected 2028 revenue exceeding $23 billion, management may consider a stock split to attract retail investors, though the stock trades at an expensive 46x sales valuation.

Axe note: Nebius Group’s explosive growth and backlog raise odds of a stock split, but steep valuation warns caution.

2026-09-30 10:14 • The Motley Fool Mixed Axe Cap view: Selective

The article argues that Clean Harbors (CLH) is a superior investment compared to Waste Management (WM). Clean Harbors specializes in hazardous waste management and benefits from tightening environmental regulations, particularly around PFAS remediation. The company demonstrated stronger Q2 performance with 12% revenue growth and 35.8% EPS growth, compared to WM's 4% revenue growth and 3% EPS decline. Clean Harbors' specialized infrastructure provides pricing power that municipal waste operators cannot replicate, though it lacks a dividend that WM offers.

Axe note: Clean Harbors beats Waste Management on growth and pricing power, but what does that mean for JSE investors?