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

2026-09-27 18:15 • The Motley Fool Negative Axe Cap view: Selective

Before buying stocks, investors should assess their risk tolerance given current market warnings. Bank of America and JPMorgan Chase CEO Jamie Dimon have cautioned about elevated valuations, geopolitical conflict, inflation, and high debt levels that could trigger a market correction. The article recommends maintaining adequate cash reserves, diversifying away from high-flying sectors like AI, and reducing margin debt to prepare for potential bear markets.

Axe note: In a market filled with uncertainty, preserving capital and managing risk beats chasing high growth.

2026-09-27 17:18 • The Motley Fool Mixed Axe Cap view: Selective

The article compares the Vanguard S&P 500 ETF (VOO) trading near all-time highs with Lululemon stock trading under $105. Despite Lululemon's attractive valuation at a P/E of 8.3 after an 80% decline from its peak, the author recommends VOO as the superior investment. Lululemon has struggled with a 4% revenue decline and 9% same-store sales drop in its latest quarter, while VOO offers diversified exposure to the broad U.S. market with a 319% return over the past decade.

Axe note: With Lululemon’s struggles piling up, VOO’s broad market exposure makes more sense for South African investors.

2026-09-27 17:07 • The Motley Fool Positive Axe Cap view: Selective

Despite Costco's high share price of $922.77, the article argues it remains a compelling investment. The warehouse operator posted strong quarterly earnings with 10% revenue growth and faster bottom-line expansion. With a low beta of 0.01, 22 consecutive years of dividend increases, and an expected special distribution, Costco offers recession-resistant value even at current valuations.

Axe note: Costco’s strong earnings and dividend history justify its premium valuation, even from a South African investor’s view.