Axe Capital Investments

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

Axe Capital Trading News shares simple market takes on the stories moving South African shares, the rand, and a handful of major currency pairs.

What you will find here:

1. JSE shares, South African companies, and the local knock-on effects of big market news.

2. The rand, interest rates, and a small group of forex pairs, with USD/ZAR at the centre.

3. Global stories only when they can actually change how a local investor might act.

Latest market stories

CrowdStrike vs. ServiceNow: Comparing Revenue Trends Between These Growing Software Giants

2026-10-16 06:33 • The Motley Fool Positive Axe Cap view: Selective

CrowdStrike and ServiceNow both demonstrate strong revenue growth with eight consecutive quarters of sequential increases. ServiceNow commands a 2.7x revenue lead ($4.0B vs $1.5B in Q2 2026), but CrowdStrike has achieved profitability in 2026. However, CrowdStrike trades at a significantly higher valuation (195x forward earnings) compared to ServiceNow (36.5x forward earnings), making ServiceNow appear more attractively valued despite both companies' solid operational performance.

Axe note: Comparing two software giants reveals a clash between rapid growth and attractive valuation.

Here's What History Says Q4 Will Bring for Chipotle (CMG) Stock

2026-10-16 06:30 • The Motley Fool Neutral Axe Cap view: Neutral

Chipotle stock has fallen 18% in 2026 and is 56% below its June 2024 peak amid consumer pullback in fast-casual dining and margin pressure from labor and food inflation. However, historical Q4 performance suggests potential recovery, with the stock posting double-digit gains in 2020 and 2023. The company is investing in menu enhancements and digital initiatives to drive growth, though analyst forecasts predict slower earnings growth of 8.6% annually through 2028 compared to the prior 21.2% pace.

Axe note: Chipotle’s stock has struggled this year, but history hints at a possible Q4 rebound.

Bill Ackman Is Directing Up to $3 Billion Into Howard Hughes' Insurance Arm, Vantage, as Part of His Plan to Build a Modern Berkshire Hathaway. Is HHH Stock the Way to Play His Buffett Ambitions?

2026-10-16 06:05 • The Motley Fool Positive Axe Cap view: Selective

Bill Ackman is executing a plan to transform Howard Hughes Holdings (HHH) into a Berkshire Hathaway-style insurance holding company combined with an asset manager similar to Brookfield and Blackstone. HHH acquired Vantage for $2.1 billion and plans to invest $2.5-3 billion into the insurance unit over five years, with Pershing Square managing the portfolio. While the stock has pulled back to near book value after initial enthusiasm, the article cautions that success is uncertain and investors should wait for the excitement to subside before investing.

Axe note: Bill Ackman is transforming Howard Hughes Holdings into an insurance and asset management play, but patience is key.

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What we follow

We keep the focus on JSE shares, the rand, and the currency moves that matter most to South African investors.

JSE and rand