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

Caterpillar Trades Above $800. Here's Why It Could Be a $1,000 Stock by 2028.

2026-10-03 16:31 • The Motley Fool Positive Axe Cap view: Selective

Caterpillar stock, currently trading around $845, could reach $1,000 by 2028 due to three key drivers: surging demand for power generation equipment from AI data centers, a strategic shift toward high-margin services revenue (targeting $30 billion by 2030), and sustained demand from infrastructure and mining sectors. The company reported record Q2 revenue of $20.5 billion with a 20.9% operating margin and 68% EPS growth, while maintaining a 32-year dividend increase streak.

Axe note: Strong demand from AI-powered data centers and mining underpins Caterpillar's growth outlook.

ASML vs. Taiwan Semiconductor Manufacturing Company: What Revenue Trends Tell Investors About These Companies Tied to Artificial Intelligence

2026-10-03 16:14 • The Motley Fool Positive Axe Cap view: Selective

TSMC consistently generates higher absolute revenue than ASML, with TSMC showing steady quarter-over-quarter growth driven by AI chip demand and data center buildout. ASML exhibits more volatile but upward revenue trends due to the time-intensive nature of manufacturing advanced lithography equipment. Both companies benefit from the AI boom, though ASML's growth is constrained by production timelines. ASML is expanding manufacturing capacity in the Netherlands to accelerate future sales growth.

Axe note: TSMC’s steady AI-driven revenue growth outpaces ASML’s more volatile, capacity-limited gains.

This Nearly 16%-Yielding Dividend Stock Has Paid Out $16 Billion Since 2008. Here's Why I'm Not Worried About the Next Payment.

2026-10-03 16:08 • The Motley Fool Positive Axe Cap view: Selective

AGNC Investment, a residential mortgage REIT, has paid out $16 billion in dividends since its 2009 IPO and currently offers a 16% dividend yield. Despite the high yield raising sustainability concerns, the author believes the next dividend payment is safe because the company's returns align with its dividend economics and it successfully maintained payouts through the last Fed rate-hike cycle. However, investors should monitor earnings closely as the dividend may not be sustainable forever.

Axe note: AGNC Investment Trust’s nearly 16% yield is unusual, but its dividend track record and economic logic keep me calm for now.

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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