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

2026-07-26 00:15 • The Motley Fool Positive Axe Cap view: Selective

Nvidia, Micron Technology, and Taiwan Semiconductor Manufacturing are identified as undervalued AI infrastructure stocks with strong growth potential. Despite their critical roles in the AI boom, all three trade at attractive valuations with forward P/E ratios of 16x, 6x, and below 20x respectively, supported by supply constraints and increasing demand for AI chips.

Axe note: Nvidia, Micron, and TSMC may be bargains in AI infrastructure, but South African investors should think twice about jumping in direct.

2026-07-26 00:12 • The Motley Fool Neutral Axe Cap view: Selective

Research by David Blanchett from Prudential Financial challenges the common assumption that retirees need income to increase with inflation each year. Data shows most retirees actually reduce spending as they age, which could allow for higher initial withdrawal rates (5-5.5%) compared to the traditional 4% rule. Healthcare remains a significant wildcard expense, but overall retirees report higher life satisfaction despite lower spending.

Axe note: New research suggests retirees spend less over time, allowing higher initial withdrawal rates than traditionally assumed.

2026-07-25 22:30 • The Motley Fool Positive Axe Cap view: Selective

The Schwab U.S. REIT ETF (SCHH) offers a significantly lower expense ratio of 0.07% and broader diversification with 121 holdings, making it ideal for cost-conscious investors. The State Street SPDR Dow Jones REIT ETF (RWR) has delivered superior recent performance with a 22.20% one-year return and higher 3.20% dividend yield, appealing to income-focused investors. Both funds provide 100% exposure to U.S. REITs with similar top holdings.

Axe note: Deciding between SCHH’s low cost and RWR’s income focus depends on your priorities amid a volatile rand.