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

2026-09-04 16:45 • The Motley Fool Positive Axe Cap view: Selective

S&P Global is highlighted as one of fewer than 30 S&P 500 companies that have raised dividends for 50+ consecutive years, achieving 54 years of increases. The company has delivered over 15% annualized returns over three decades, outperforming the S&P 500's 10.4%. Despite earlier concerns about AI disruption and disappointing Q4 results, S&P Global's dominant 50% market share in credit ratings, asset-light business model with 54% operating margins, and recent earnings guidance raise make it an attractive buy at current valuations of 26.4x earnings.

Axe note: S&P Global’s 54-year dividend growth streak signals strength, but South African investors should focus on local financials and rand dynamics.

2026-09-04 16:30 • The Motley Fool Positive Axe Cap view: Neutral

Rocket Lab's Neutron rocket, first announced in 2020, may not launch until 2027, causing investor concern. However, the delay's financial impact is minimal—only $50 million in lost revenue in the first year. The company still expects to achieve profitability in 2027 through its planned Iridium merger and commercial launch operations.

Axe note: Rocket Lab’s Neutron rocket launch delay to 2027 has sparked jitters, but the direct financial hit is limited and local investors should focus on broader fundamentals.

2026-09-04 16:15 • The Motley Fool Mixed Axe Cap view: Selective

Major stock indices declined on September 4, 2026, as a stronger-than-expected August jobs report (162,000 jobs added) sparked renewed concerns about potential Federal Reserve rate hikes. The S&P 500, Dow Jones, and Nasdaq all fell, with Lululemon experiencing a significant 18% drop due to declining revenue and lowered guidance. Memory stocks like Micron Technology gained despite broader market losses, while Fair Isaac plummeted following pricing criticism from the Federal Housing Finance Agency.

Axe note: August’s robust US jobs report revived rate hike fears, putting pressure on markets and the rand.