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

2026-09-27 17:18 • The Motley Fool Mixed Axe Cap view: Selective

The article compares the Vanguard S&P 500 ETF (VOO) trading near all-time highs with Lululemon stock trading under $105. Despite Lululemon's attractive valuation at a P/E of 8.3 after an 80% decline from its peak, the author recommends VOO as the superior investment. Lululemon has struggled with a 4% revenue decline and 9% same-store sales drop in its latest quarter, while VOO offers diversified exposure to the broad U.S. market with a 319% return over the past decade.

Axe note: With Lululemon’s struggles piling up, VOO’s broad market exposure makes more sense for South African investors.

2026-09-27 17:07 • The Motley Fool Positive Axe Cap view: Selective

Despite Costco's high share price of $922.77, the article argues it remains a compelling investment. The warehouse operator posted strong quarterly earnings with 10% revenue growth and faster bottom-line expansion. With a low beta of 0.01, 22 consecutive years of dividend increases, and an expected special distribution, Costco offers recession-resistant value even at current valuations.

Axe note: Costco’s strong earnings and dividend history justify its premium valuation, even from a South African investor’s view.

2026-09-27 17:04 • The Motley Fool Neutral Axe Cap view: Neutral

The article advises patient investors to avoid chasing quick gains during SpaceX's IPO event, as professional traders dominate event-driven trading around lockup expirations. Long-term investors should focus on business fundamentals and smart entry timing rather than hype-driven volatility.

Axe note: SpaceX’s IPO will spark sharp swings unlikely to reward quick trades; rand investors should wait for calmer waters.