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

2026-07-27 20:38 • The Motley Fool Positive Axe Cap view: Selective

Five Star Bancorp director Larry Allbaugh purchased 96,591 shares worth $4.3 million at $44.00 per share through various trusts and entities. The insider buy is viewed as a bullish signal, as insiders typically only purchase shares when expecting price appreciation. Wall Street analysts project strong 2026 growth for the regional bank, with revenue expected to reach $198 million and net income $78.9 million, up 25% and 36% respectively from 2025.

Axe note: A $4.3 million share purchase by a Five Star Bancorp director hints at strong growth expectations.

2026-07-27 20:37 • The Motley Fool Mixed Axe Cap view: Selective

AT&T stock has rallied 18% since early July as SpaceX struggles, recovering from earlier concerns about competitive disruption. The company posted solid Q2 earnings with $31.6B in revenue and strong customer additions (646K internet net adds, 432K postpaid phone net adds). Trading at 10x forward earnings with a 4.6% dividend yield, analysts suggest the stock has further upside potential.

Axe note: AT&T’s strong Q2 and cheap valuation defy fears of SpaceX disruption, offering a solid case to watch, especially given local currency stability.

2026-07-27 20:30 • The Motley Fool Positive Axe Cap view: Selective

Intel announced Fortinet as its first named customer for its foundry business, a significant milestone for the division. While the foundry segment showed strong 31% revenue growth to $5.8 billion in Q2, it remains unprofitable with a $2.1 billion loss. However, analysts caution that Intel's 150% stock surge this year may have already priced in these gains, with the stock trading at a forward P/E multiple exceeding 100, presenting potential downside risk despite positive business momentum.

Axe note: Intel’s new foundry deal highlights growth in semiconductors, but SA investors should watch the rand and local tech exposure carefully.