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

2026-10-03 19:30 • The Motley Fool Positive Axe Cap view: Bullish

Copper demand is surging due to AI data center construction and power grid upgrades, while supply constraints from declining ore grades and limited new mining projects could create significant shortages by 2028, potentially driving prices higher through the end of the decade.

Axe note: AI growth and grid upgrades will tighten copper supply, pushing prices higher in the next five years.

2026-10-03 19:16 • The Motley Fool Positive Axe Cap view: Selective

Berkshire Hathaway increased its stake in homebuilder Lennar to $2.2 billion (11%) in late September, adding $53.9 million in shares despite the housing market's struggles and high mortgage rates. The move exemplifies Berkshire's strategy of buying undervalued companies during downturns. Lennar stock is down 20% in 2026 and 36% over 52 weeks, with most analysts rating it a hold or sell. Berkshire also acquired Taylor Morrison for $6.8 billion in July, betting on an eventual housing industry rebound.

Axe note: Berkshire Hathaway’s purchase of Lennar shares highlights a classic value play amid a weak housing market, worth a look from a South African perspective.

2026-10-03 17:34 • The Motley Fool Positive Axe Cap view: Neutral

Disney stock has climbed 14% over the past six months from its 52-week low of $92.19 in late March, making a $1,000 investment worth $1,140 today. Despite strong performance in streaming and theme parks/experiences divisions, shares remain 48% below their March 2021 all-time high. The stock trades at an attractive forward P/E ratio of 13.8, presenting a potential buying opportunity for investors.

Axe note: Disney shares climbed 14% since their 52-week low, yet the story lacks a direct South African proxy.