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2026-10-15 06:30 • The Motley Fool Positive Axe Cap view: Selective

The yield curve inversion, historically a reliable recession indicator that preceded all eight previous recessions over 60+ years, failed to predict a recession after inverting in late 2022. Despite this broken signal, the author argues recession risk remains and recommends maintaining long-term stock positions, citing strong corporate earnings and positive GDP growth as offsetting factors to rising inflation and interest rate concerns.

Axe note: The classic US yield curve recession indicator failed recently, but South Africa’s backdrop still points to caution.

2026-10-15 06:11 • The Motley Fool Positive Axe Cap view: Selective

Both Salesforce and ServiceNow demonstrate consistent year-over-year revenue growth, defying earlier concerns about SaaS stocks being threatened by AI. While Salesforce generates 2.8x more quarterly revenue, ServiceNow is growing faster with 24% YoY growth versus Salesforce's 11%. Both companies are successfully integrating AI into their platforms, with Salesforce's Agentforce and Data 360 achieving 210% YoY growth in annual recurring revenue, and ServiceNow's AI deployments rising ninefold in nine months.

Axe note: Salesforce’s larger scale meets ServiceNow’s faster growth, both boosted by strong AI adoption.

2026-10-15 06:05 • The Motley Fool Positive Axe Cap view: Selective

Google has begun paying SpaceX $920 million monthly for access to approximately 110,000 Nvidia GPUs under a 33-month contract (October 2026 - June 2029) worth about $30 billion total. This represents roughly $2.27 in sales per share and could increase SpaceX's annual revenue by over 50%. However, both parties have 90-day mutual cancellation clauses, so the income is not fully guaranteed.

Axe note: Google's $920 million monthly GPU rental from SpaceX signals strong AI demand but with cautious revenue visibility.