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

2026-07-24 13:30 • The Motley Fool Positive Axe Cap view: Selective

Rocket Lab announced an $8 billion acquisition of satellite telecom company Iridium Communications at $54 per share. The deal aims to create a vertically integrated space company that designs, builds, launches, and operates satellite constellations. While Iridium is profitable and cash flow positive, the author expresses caution about Rocket Lab's high valuation and need to prove reliable profitability, though bullish investors may see long-term potential.

Axe note: Rocket Lab's $8 billion Iridium deal hints at growth in space tech, but SA investors should focus on the rand's reaction and local market implications.

2026-07-24 13:30 • The Motley Fool Positive Axe Cap view: Selective

Occidental Petroleum (OXY) stock could rise approximately 20% to $70 per share by year-end if WTI crude oil remains above $100 per barrel. Currently trading at $58, OXY is highly sensitive to oil prices due to its upstream-focused business model. The company maintains a breakeven point of $40-45 per barrel and generates rapid free cash flow above $60 per barrel. Recent geopolitical tensions in the Middle East and the Strait of Hormuz closure support elevated oil prices, while OXY's integration of CrownRock assets and expansion of carbon capture services position it for growth.

Axe note: Sasol stands to benefit significantly if oil prices hold above $100, but risks remain for this volatile sector.

2026-07-24 11:34 • The Motley Fool Neutral Axe Cap view: Selective

Rigetti Computing, a leading pure-play quantum computing stock, is trading at $14.85, down 33% year-to-date despite a $100 million government contract announcement in May. While the quantum computing industry is projected to grow significantly by 2035, Rigetti currently generates minimal revenue ($4.4M in Q1) and operates at a loss. The stock remains highly volatile and speculative, with analysts targeting $30.50 per share, but investors should approach it as a small, high-risk portfolio position.

Axe note: Rigetti’s drop to under $15 highlights the risks of betting on early-stage tech, especially for local investors without direct exposure.