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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.

Coverage focus:

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 Finance Headlines

Five Star Bancorp Director Larry Allbaugh Buys $4.3 Million in Shares. What Does This Mean for Investors?
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.

AT&T Stock Has Been Quietly Rallying Since the Start of July. After a Strong Q2, Is It Due to Soar Even Higher?
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.

Intel Just Secured a Huge Customer for Its Foundry Business
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.

Focus Areas

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

Market notes