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

2026-07-16 23:19 • The Motley Fool Positive Axe Cap view: Selective

Chi Fung Cheng, CTO of Credo Technology Group, sold 27,500 shares worth $6.6 million through a pre-arranged trading plan established in September 2025. The sale represents only 0.46% of his total holdings, with the insider maintaining approximately 6 million shares worth over $1.3 billion. The transaction is characterized as routine diversification following a 139% one-year stock surge, rather than a bearish signal. Credo has demonstrated strong fundamentals with tripled fiscal 2026 revenue exceeding $1.3 billion and net income growth of over 500%.

Axe note: A small, planned sale by Credo’s CTO after a 139% rally points to routine diversification, not trouble ahead.

2026-07-16 23:16 • The Motley Fool Positive Axe Cap view: Selective

June's inflation report showing a decline to 3.5% year-over-year is positive news for Realty Income, a rate-sensitive REIT. With cooling inflation reducing the likelihood of further Fed rate hikes, the stock becomes more attractive for income investors seeking its 5.1% yield and 31-year dividend growth track record. The company owns 15,571 properties with 98.9% occupancy and trades at 14x expected AFFO.

Axe note: Cooling inflation and a pause in Fed rate hikes make rate-sensitive REITs like Realty Income worth a look from a rand perspective.

2026-07-16 23:13 • The Motley Fool Positive Axe Cap view: Selective

Coca-Cola is recommended as a buy ahead of its July 28 earnings report. The beverage giant has beaten earnings expectations for four consecutive quarters, maintains a 64-year dividend increase streak (Dividend King status), generates strong free cash flow of ~$2 billion quarterly, and offers a 2.5% dividend yield. Despite trading at a premium valuation (forward P/E of ~25) and reaching all-time highs, the stock has gained 18% year-to-date and remains a steady, income-generating investment with new leadership focusing on innovation.

Axe note: Coca-Cola’s steady earnings and dividend streak make it attractive despite a rich valuation.