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

2026-10-02 15:35 • The Motley Fool Negative Axe Cap view: Selective

ServiceTitan CFO David Sherry sold 23,245 shares worth $1.3 million on September 17, 2026, to cover tax obligations from restricted stock unit vesting. The sale is non-discretionary and doesn't reflect the insider's view on the stock. However, ServiceTitan's stock has underperformed significantly, declining 33.6% over the past year while the company continues to post operating losses despite 21% year-over-year revenue growth.

Axe note: ServiceTitan’s CFO sold shares to cover tax bills, but the company’s lack of profit and share slump tell a deeper story.

2026-10-02 15:31 • The Motley Fool Positive Axe Cap view: Selective

SpaceX stock surged 6.1% on Friday following three successful rocket launches completed in under 13 hours, including a Crew Dragon mission, a Transporter satellite mission, and an NROL-97 National Reconnaissance Office mission. Additionally, SpaceX's lucrative AI service contracts with Alphabet ($920 million/month) and Anthropic ($1.25 billion/month) are generating nearly $2.2 billion monthly in revenue, significantly outpacing traditional rocket launch income.

Axe note: SpaceX’s rocket success and AI contracts highlight tech innovation with subtle implications for the rand and local tech-related stocks.

2026-10-02 15:25 • The Motley Fool Positive Axe Cap view: Selective

Salesforce and Palantir present contrasting investment profiles in the AI software market. Salesforce offers better valuation with a forward P/E of 14.4x and strong free cash flow of $14.4 billion, but faces increased debt from a $25 billion share buyback. Palantir boasts faster growth (56.2% revenue increase) and zero debt, but trades at a premium 85.5x forward P/E with limited margin for error if growth slows.

Axe note: Salesforce offers stable cash flows and value, while Palantir’s sky-high growth version is riskier but exciting.