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

2026-07-19 22:38 • The Motley Fool Mixed Axe Cap view: Selective

SpaceX stock has declined below its IPO price of $193 to around $126 since its June debut. In contrast, General Mills offers a more attractive investment with a 6.3% dividend yield, 8.7% total shareholder yield, undervalued valuation metrics (P/E of 12.5), and defensive characteristics that would hold up better in a potential market downturn or recession.

Axe note: SpaceX’s fall below IPO price contrasts sharply with steady income and value in traditional dividend payers.

2026-07-19 22:26 • The Motley Fool Mixed Axe Cap view: Selective

Despite posting record profits, semiconductor and AI-related stocks are experiencing significant selloffs as investors question whether expectations have gotten ahead of fundamentals. Samsung's 19x profit increase triggered a Korean market circuit breaker, while hyperscalers like Amazon and Alphabet continue massive capital spending on AI infrastructure. The defense sector is shifting toward smaller, cheaper drones and digitalization, with Lockheed Martin acquiring Ultra Maritime for sonar capabilities.

Axe note: Global AI excitement overshadows fundamentals, with local markets weighing the impact cautiously.

2026-07-19 22:18 • The Motley Fool Mixed Axe Cap view: Selective

AMD has demonstrated strong and steady revenue growth of 77% over eight quarters, reaching $10.3 billion in Q1 2026, while Navitas Semiconductor has experienced a 58% revenue decline to $8.6 million in the same period. Although Navitas intentionally exited its China mobile and consumer businesses to focus on AI, the company faces headwinds from a Wolfspeed patent lawsuit and shareholder dilution concerns from a $500 million equity offering.

Axe note: AMD’s strong AI-driven revenue growth contrasts sharply with Navitas Semiconductor’s decline and legal woes, offering clear signals for investors.