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

2026-07-28 08:22 • The Motley Fool Negative Axe Cap view: Neutral

SpaceX stock has underperformed since its IPO, trading below $120 compared to its $135 pre-IPO price. While some investors see it as a buying opportunity, analyst Keithen Drury recommends waiting at least a year before investing. The company is currently a telecommunications business reliant on Starlink for over half its revenue, with future space economy opportunities still years away. Key concerns include the upcoming insider lockup period expiration that could flood the market and the need for more financial reports to assess the true business fundamentals.

Axe note: SpaceX trading below IPO price looks cheap, but South Africans should wait for clearer fundamentals and more data before jumping in.

2026-07-28 08:15 • The Motley Fool Positive Axe Cap view: Selective

Memory chip stocks Micron and Sandisk are experiencing exceptional profitability driven by AI infrastructure demand. Unlike historical boom-and-bust cycles, structural constraints in HBM production and long-term contracts suggest this cycle could be more sustained, potentially offering significant upside for memory stocks.

Axe note: AI-driven demand and supply constraints could mean a longer profit cycle for memory stocks, challenging past boom-bust patterns.

2026-07-28 08:06 • The Motley Fool Negative Axe Cap view: Selective

Former Fed Chair Jerome Powell's warnings about tariff-driven inflation are proving prescient as President Trump announces new tariffs on 60 trading partners ranging from 10-12.5%. Combined with energy supply shocks from the Iran war, broad-based inflation, and AI-driven price pressures, policymakers face a 'quadruple whammy' of inflationary factors ahead of the July 29 FOMC interest rate decision.

Axe note: Trump’s tariff expansion and Middle East tensions add fuel to an already hot inflation fire, putting SA markets on edge.