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

2026-10-26 12:00 • The Motley Fool Positive Axe Cap view: Selective

An analyst argues that Costco is currently overvalued at a P/E ratio of 49, but predicts a $5,000 investment at fair value ($623/share, representing a 43% discount from its peak) could grow to $15,530 over 10 years with a 12% annualized return, driven by warehouse expansion, membership growth, and earnings per share growth of approximately 12% annually.

Axe note: Costco’s premium valuation means waiting for a discount before committing is wiser than buying at current levels.

2026-10-26 11:43 • The Motley Fool Positive Axe Cap view: Selective

Eni announced strong Q3 2026 results with an updated cash flow target of 16.5 billion euros, driven by higher production volumes and strategic asset sales. The company raised its full-year production guidance to 6-7%, increased share buybacks to 3.8 billion euros, and achieved a record low gearing ratio of 9%. Management highlighted momentum in upstream production across global hubs and the satellite business model's success in funding energy transition initiatives.

Axe note: Eni’s strong Q3 and strategic cash moves could reshape energy exposure via Sasol and rand dynamics.

2026-10-26 11:30 • The Motley Fool Mixed Axe Cap view: Selective

Cancer treatment breakthroughs dominate ESMO 2026 conference with multiple drugs showing significant survival gains. U.S. stocks declined amid AI spending concerns and rising oil prices, with the Fed expected to hold rates steady Wednesday. Several Motley Fool-recommended companies report earnings this week including Alphabet, Amazon, and Mastercard. TransDigm's stock decline reflects valuation compression rather than business deterioration.

Axe note: Cancer treatment advances boost optimism, but US tech sell-off and oil gains shape local investment views.