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

2026-10-01 07:29 • The Motley Fool Mixed Axe Cap view: Selective

SpaceX has lost 34% from its peak since going public in June and trades at an expensive P/S ratio of 87, suggesting further downside. Netflix, with a P/S ratio of 6.2 and P/E of 22.4, offers better value and growth potential, having captured only 7% of its $670 billion addressable market. The streaming giant's advertising business is expected to double to $3 billion by 2026, positioning it as a more attractive long-term investment.

Axe note: Netflix’s reasonable valuation and growth path make it a smarter choice than the overheated SpaceX IPO.

2026-10-01 06:30 • The Motley Fool Positive Axe Cap view: Selective

Amazon continues to forgo dividend payments despite reaching maturity, instead investing heavily in AI infrastructure and data centers ($220 billion in 2026). The article argues this strategy benefits long-term investors through tax-efficient capital appreciation and strong growth, particularly in AWS which grew 33% and generates 60% of operating income. The company's 251,000% lifetime return demonstrates the effectiveness of reinvesting capital rather than paying dividends.

Axe note: Amazon’s choice to reinvest profits rather than pay dividends aligns with strong growth in cloud and AI, offering lessons even for local investors.

2026-10-01 06:05 • The Motley Fool Positive Axe Cap view: Selective

GE Vernova's CEO Scott Strazik delivered bullish remarks at a Morgan Stanley conference, highlighting accelerating backlog growth, stronger-than-expected power orders, margin expansion across all segments, and a profitability turnaround in the wind business. The company is pulling forward its $200 billion backlog milestone to early 2027 and expects larger margin expansion in 2026 than the double-digit gains achieved in 2025.

Axe note: GE Vernova's CEO signals faster backlog growth and stronger profitability, underscoring global industrial demand trends relevant through USD/ZAR shifts.