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

2026-07-23 05:30 • The Motley Fool Positive Axe Cap view: Selective

Kinder Morgan reported strong Q2 earnings with adjusted EPS growing 32%, driven by increased natural gas demand from LNG exports, power generation, and emerging AI data center demand. The company expects to exceed its 2026 earnings guidance by 12% and has a $9.6 billion backlog of expansion projects plus $10 billion in additional opportunities under development. With 9 consecutive years of dividend increases and robust growth catalysts, the stock offers both high yield (3.7%) and growth potential.

Axe note: Kinder Morgan's dividend yield and strong growth are backed by booming gas demand tied to LNG exports and AI data centers.

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

The article recommends Coca-Cola and Constellation Brands as top dividend stocks for long-term investors. Coca-Cola offers a 2.5% dividend yield with 64 consecutive years of dividend increases, supported by strong global distribution and AI-driven efficiency improvements. Constellation Brands provides a higher 3.1% yield with 12% annualized dividend growth over the past decade, benefiting from growing beer and wine sales and effective cost management.

Axe note: Coca-Cola and Constellation Brands offer steady income and growth, but where’s the local angle?

2026-07-23 04:30 • The Motley Fool Negative Axe Cap view: Selective

SpaceX's June IPO prompted Nasdaq-100 and Russell 1000 to change their inclusion rules, forcing index funds to rapidly buy the stock by trimming positions in giants like Apple, Microsoft, and Nvidia. This concentrated forced buying in a short window turns passive strategies into active bets on a single high-profile listing, with long-term portfolio impacts still uncertain.

Axe note: SpaceX’s entry into major US indexes has forced index funds to rapidly shift holdings, a move that indirectly affects USD/ZAR and local investor sentiment.