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

Axe Capital Trading News shares simple market takes on the stories moving South African shares, the rand, and a handful of major currency pairs.

What you will find here:

1. JSE shares, South African companies, and the local knock-on effects of big market news.

2. The rand, interest rates, and a small group of forex pairs, with USD/ZAR at the centre.

3. Global stories only when they can actually change how a local investor might act.

Latest market stories

Advance Auto Parts vs. Delta Air Lines: Should Investors Look to the Skies or the Garage in 2026?
2026-08-03 20:32 The Motley Fool Positive Axe Cap view: Selective

The article compares Advance Auto Parts and Delta Air Lines as investment opportunities for 2026. While Advance Auto Parts is undergoing a turnaround with improving Q1 FY2026 results, Delta Air Lines is recommended as the better buy due to its market leadership, stronger financial metrics (7.9% net margin vs. 0.5%, $3.8B free cash flow vs. negative), lower valuation multiples, and exposure to growing premium travel demand. Advance Auto Parts faces ongoing uncertainty in its retail turnaround despite recent progress.

Axe note: Delta’s strong finances and market edge make it a clearer bet than Advance Auto Parts’ uncertain turnaround.

Down 38% From Its High, Is Bloom Energy Stock a Buy?
2026-08-03 20:30 The Motley Fool Neutral Axe Cap view: Neutral

Bloom Energy stock has fallen 38% from its 52-week high of $351 to $218, despite strong Q2 earnings showing 166% revenue growth and a return to profitability with $196M net income. The company raised full-year guidance to $3.9-4.2B revenue (100% growth), with CEO citing accelerating AI data center demand. However, at 80x forward earnings, the stock carries significant valuation risk with little margin of safety if tech spending slows.

Axe note: Strong earnings and AI-driven demand highlight Bloom Energy’s growth, yet pricey multiples demand caution.

Prediction: Within 18 Months, Microsoft Will Be More Valuable Than Apple
2026-08-03 20:30 The Motley Fool Mixed Axe Cap view: Selective

A Motley Fool analyst predicts Microsoft will surpass Apple in market valuation within 18 months. While Apple currently leads with a $4.5 trillion market cap versus Microsoft's $3.6 trillion, Microsoft is positioned better to capitalize on AI growth opportunities. Apple's valuation at 35x earnings appears inflated compared to Microsoft's 27x earnings multiple, suggesting potential for a pullback in Apple stock.

Axe note: AI-driven growth and valuation gaps favor Microsoft over Apple in coming months.

What we follow

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

JSE and rand