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2026-10-07 20:12 • The Motley Fool Positive Axe Cap view: Selective

Vanguard Morningstar Small-Cap ETF (VB) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) are compared as low-cost small-cap investment options. Both charge identical 0.03% expense ratios, but VB offers broader diversification with 1,357 holdings while SPSM focuses on 607 concentrated picks. SPSM delivered higher 1-year returns (17.3% vs 14.3%) and a higher dividend yield (1.56% vs 1.28%), with the analyst slightly favoring SPSM for its profitability filter and stronger dividend growth.

Axe note: Between Vanguard’s VB and State Street’s SPSM, the latter’s focused picks and dividend edge appeal more to rand-linked investors seeking steadier small-cap exposure.

2026-10-07 20:03 • The Motley Fool Positive Axe Cap view: Selective

Argan (AGX) has achieved a $2.5 billion project backlog driven by strong demand for power infrastructure and data center construction. The company maintains a debt-free balance sheet with over $1 billion in cash, operates an asset-light model, and delivered record Q2 revenue of $384 million (56.5% YoY growth). However, the stock trades at a trailing P/E of 31.68, which leaves limited margin for error if project awards slow or execution issues arise.

Axe note: Argan’s $2.5 billion project backlog signals solid growth, but stretched valuation and execution risks warrant caution.

2026-10-07 20:01 • The Motley Fool Positive Axe Cap view: Selective

Nvidia is positioned to benefit significantly from the AI infrastructure build-out expected to continue through 2030. With global data center expenditures projected to reach $3-4 trillion annually by 2030 and Nvidia's reasonable current valuation, the analyst projects a $5,000 investment could grow to $20,000 by 2030 if revenue quadruples as expected, representing a 4x return over the period.

Axe note: Nvidia’s expected revenue growth from AI could power big gains, but South African investors should think in terms of the rand and USD/ZAR dynamics.