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

2026-07-23 00:17 • The Motley Fool Neutral Axe Cap view: Selective

Alphabet reported strong Q2 earnings with 82% Google Cloud revenue growth to $24.8B and overall revenue up 24% to $119.8B. However, the stock fell after-hours as investors focused on the company's massive capital expenditure increase of $15B to $195-205B annually. Alphabet reported negative free cash flow of $5.8B for the first time as a public company, with expectations for continued negative FCF due to AI infrastructure spending.

Axe note: Alphabet's strong cloud growth growth masks investor worries over its enormous capital expenditure plans.

2026-07-23 00:05 • The Motley Fool Mixed Axe Cap view: Selective

Stellantis stock has declined 70% over three years and now trades below Rivian despite being a global automaker with millions in annual shipments. However, the company's $70 billion turnaround strategy, focusing 60% of spending on North America and investing heavily in profitable Jeep and Ram brands, shows early signs of success with 38% shipment growth in Q2. Analysts believe the stock could outperform rivals GM and Ford over the next 3-5 years as new product launches gain traction.

Axe note: Stellantis’s bold U.S.-focused strategy has revived its shipments and hints at potential gains over automaker peers—worth a look through the rand lens.

2026-07-22 22:14 • The Motley Fool Positive Axe Cap view: Selective

Constellation Energy stock surged nearly 5% on Wednesday following the Trump administration's announcement of a 30-year nuclear cooperation deal with Saudi Arabia and reports of a new $200 million domestic program to support power plant construction for AI data centers. As the largest operator of U.S. nuclear plants, Constellation is positioned to benefit from these government initiatives promoting nuclear energy.

Axe note: Constellation Energy's stock jump highlights rising global nuclear interest amid clean energy shifts.