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2026-07-24 02:26 • The Motley Fool Negative Axe Cap view: Selective

Tesla stock plunged 14.38% after reporting Q2 earnings that missed Wall Street expectations. While revenue grew 26% to $28.2 billion, adjusted net income fell 17% to $1.2 billion ($0.33 per share vs. expected $0.54). The company's operating margin collapsed to 1.4% from 4.1% due to a 47% surge in operating expenses, and free cash flow turned negative. Investors are frustrated with Elon Musk's massive capital expenditure plans exceeding $25 billion in 2026 while key projects like Robotaxi and Optimus robots miss development timelines.

Axe note: Tesla’s surprise earnings miss and cash flow squeeze dampen appetite for high-growth tech, pressuring USD/ZAR.

2026-07-24 02:23 • The Motley Fool Negative Axe Cap view: Selective

Amazon stock fell 4.6% on Thursday after Alphabet and Tesla announced increased capital spending plans, raising investor concerns that Amazon may also raise its $200 billion AI capex guidance when it reports Q2 results on July 30. The decline occurred despite no news from Amazon itself, as the market repriced the stock based on competitors' spending announcements and a Senate inquiry into Amazon's marketplace.

Axe note: Amazon shares dropped after Alphabet and Tesla announced big spending, stirring fears of rising costs in tech.

2026-07-24 01:12 • The Motley Fool Positive Axe Cap view: Selective

Apple's average analyst price target of $319 has fallen below its current stock price of ~$320, an unusual situation for a major tech company. While 47 analysts still rate it a buy overall, the flat consensus suggests the stock's valuation multiple has already expanded significantly. With the company trading at 40x earnings and sitting 4% from record highs, the upcoming July 30 earnings report carries heightened importance, as good news may only confirm what's already priced in rather than drive further gains.

Axe note: Apple trades near record highs with mixed analyst targets, leaving little room for surprise.