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

2026-07-23 20:26 • The Motley Fool Positive Axe Cap view: Selective

The article compares two iShares bond ETFs: IGIB (corporate bonds) offers a higher 4.90% yield but is fully taxable, while MUB (municipal bonds) provides a 3.20% yield with federal tax exemption. For high-bracket taxpayers in taxable accounts, MUB's after-tax returns can match or exceed IGIB's despite the lower stated yield. MUB also demonstrates lower volatility and shallower drawdowns, making it more stable during market stress. IGIB is better suited for lower-bracket investors or those in retirement accounts.

Axe note: Evaluating US bond ETFs through the lens of South African investors and the rand.

2026-07-23 20:24 • The Motley Fool Positive Axe Cap view: Selective

The article compares Taiwan Semiconductor Manufacturing (TSMC) and Nvidia as semiconductor investments. TSMC offers a more diversified customer base with 66% of Q2 revenue from data center chips, while Nvidia is heavily concentrated in AI/data center with 82% expected growth versus TSMC's 42%. The author recommends Nvidia as the better single buy due to superior growth prospects, but suggests owning both stocks as TSMC serves as a hedge against Nvidia losing market share to competitors.

Axe note: Nvidia’s fast growth appeals, but TSMC offers steady diversification worth considering.

2026-07-23 20:18 • The Motley Fool Neutral Axe Cap view: Neutral

SpaceX is scheduled to release its first quarterly earnings report on August 4, 2026, following its record-breaking IPO in June. While the company's Starlink business shows strong 50% year-over-year growth, SpaceX continues to operate at a loss due to massive capital expenditures on Starship, AI data centers, and orbital compute projects. The article predicts that the earnings report itself will have minimal impact on the stock price, but rather the real pressure will come from the unlocking of 4.6 billion insider shares throughout 2026, which could create significant selling pressure and cause the stock to decline despite solid business fundamentals.

Axe note: SpaceX shows strong growth but faces heavy insider selling risks post-IPO.