Axe Capital Investments

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

Nvidia Is About 4% From Becoming the First $6 Trillion Company. History Says the Milestone Itself Tells You Little.

2026-10-07 03:21 • The Motley Fool Positive Axe Cap view: Selective

Nvidia is approaching a $6 trillion market cap milestone, but historical analysis of past trillion-dollar milestones shows the milestone itself is not predictive of future stock performance. What matters most is earnings growth relative to valuation multiples. Nvidia's strong earnings growth (120% EPS increase last quarter) and relatively low P/E ratio of 15x suggest the stock could continue climbing if earnings growth outpaces valuation compression.

Axe note: Nvidia nears a historic market cap, but South African investors should focus on fundamentals, not the headline number.

The "Trumpflation" Trade Could Get Worse Before It Gets Better. History Says These 2 Stocks Are the Place to Hide.

2026-10-07 02:15 • The Motley Fool Positive Axe Cap view: Selective

As inflation concerns persist amid Middle East geopolitical tensions and rising energy prices, healthcare stocks are positioned as defensive investments. Medtronic, a turnaround story with strong dividend history and accelerating growth, appeals to value investors. Eli Lilly, a GLP-1 drug leader expanding its pipeline, offers growth potential. Both companies benefit from healthcare's historical resilience to inflation.

Axe note: Medtronic and Eli Lilly stand out as defensive plays with growth potential in a tough inflationary environment.

Nvidia Hits a New All-Time High. Is the AI Stock a Buy?

2026-10-07 01:15 • The Motley Fool Positive Axe Cap view: Selective

Nvidia reached a new all-time high of $243.37 per share, driven by positive macro conditions and strong AI sector momentum. Trading at a P/E ratio of 30, the stock appears undervalued compared to peers like AMD (166 P/E) and Intel (103 P/E), with Wall Street expecting 67% revenue growth to $687 billion in fiscal 2028. While the law of large numbers may eventually constrain growth and competition from AMD, Intel, and custom chips from Amazon and Google pose risks, analysts view Nvidia as well-positioned to capitalize on AI growth and recommend it as a strong buy.

Axe note: Nvidia’s new highs in AI chip leadership offer lessons for South African investors watching USD/ZAR and tech exposure.

See all market stories →

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