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.

Coverage focus:

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 Finance Headlines

Why Warren Buffett Says It's Hard Finding Good Buys in the Market Right Now

2026-07-20 18:26 • The Motley Fool Neutral Axe Cap view: Selective

Warren Buffett states that current market valuations make it difficult to find good investment opportunities, as the S&P 500 has nearly doubled in less than four years. He attributes this to high investor appetite for speculation rather than value investing. Despite the challenging environment, index fund investing in the S&P 500 remains a sound long-term strategy for most investors.

Axe note: Warren Buffett warns that soaring valuations are squeezing value opportunities, a call that matters for rand investors watching global risk.

Prediction: Delta Air Lines Stock Will Prove Wall Street Right and Hit $100 by 2028

2026-07-20 18:25 • The Motley Fool Positive Axe Cap view: Bearish

Delta Air Lines is positioned to reach $100 per share by 2028, supported by Wall Street's $108 consensus target. The airline has demonstrated resilience by diversifying revenue streams through premium cabins, ancillary services, and loyalty programs, allowing it to absorb significant fuel cost increases while maintaining strong free cash flow guidance of $3-4 billion for 2026. With a forward P/E ratio of 11.5-13.2x and management's stress test showing profitability even with $4 billion in additional fuel costs, Delta appears less cyclical than typical airline stocks.

Axe note: Delta Air Lines shows strong cash flow and fuel cost management, but South African airline investors face a different game.

Why Micron Stock Bounced Back Today

2026-07-20 18:18 • The Motley Fool Positive Axe Cap view: Selective

Micron stock rebounded 4.3% on Monday after three days of selling, buoyed by analyst optimism. Morgan Stanley's Joseph Moore views the sell-off as a buying opportunity, citing continued memory chip shortages and expected 25% price increases in Q3. UBS analyst Timothy Arcuri projects Micron will generate up to $400 billion in free cash flow through 2028, potentially enabling 40% stock buybacks that could nearly double earnings per share.

Axe note: Micron's shares gained 4.3% on analyst optimism about chip demand and free cash flow.

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Focus Areas

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

Market notes