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

2026-09-28 16:30 • The Motley Fool Positive Axe Cap view: Selective

Billionaire investor Bill Ackman's Pershing Square Capital Management has allocated nearly 13% of its portfolio to Uber Technologies. Ackman is bullish on Uber based on projections that the company's earnings per share will grow at a compound annual rate of 25% over the next three to five years. Combined with potential valuation multiple expansion and Uber's current discounted forward P/E ratio of 15.9, analysts believe the stock could more than triple in five years.

Axe note: Bill Ackman’s large Uber stake shows confidence in rapid earnings growth, but South African investors should tread carefully.

2026-09-28 16:28 • The Motley Fool Negative Axe Cap view: Neutral

SSR Mining stock fell 4.4% after gold prices dropped 3.9% due to rising oil prices and inflation concerns. Higher expected interest rates make bonds more attractive than gold, pressuring both the commodity and the stock. However, the analyst notes SSR Mining's strong financial position with positive free cash flow and $1.8 billion in cash may support a recovery.

Axe note: SSR Mining's share price fell sharply after gold prices tumbled on bond yield worries.

2026-09-28 16:23 • The Motley Fool Mixed Axe Cap view: Selective

The Nasdaq fell 1% on Monday despite Nvidia announcing a record $150 billion buyback expansion. Market weakness was driven by Trump rejecting Iran's peace proposal, causing oil prices to spike and Treasury yields to rise to their highest level since 2002. Most semiconductor stocks declined sharply, with only Nvidia gaining ground as energy was the only sector posting real gains.

Axe note: Strong Nvidia buyback helped it outperform, but geopolitical risks and higher yields weigh on chips and broader markets.