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

2026-10-12 08:30 • The Motley Fool Positive Axe Cap view: Selective

The article recommends the Vanguard International High Dividend Yield ETF (VYMI) as a single dividend ETF choice for 30-year investors. VYMI offers a 3.68% dividend yield, trades at a P/E ratio 43% cheaper than the S&P 500, and holds 1,567 stocks across 45 countries. Vanguard's research forecasts international developed market stocks will outperform U.S. equities over the next 30 years, with expected returns of 6.2-8.2% versus 4.9-6.9% for U.S. stocks.

Axe note: A global dividend ETF like Vanguard's VYMI offers South Africans broad diversification and steady income over 30 years.

2026-10-12 08:26 • The Motley Fool Positive Axe Cap view: Selective

Eli Lilly's stock has declined 8% recently after a 41% gain over 12 months. The pullback is attributed to profit-taking following a historic run. Despite concerns about product pricing and valuation multiples, the company's strong GLP-1 drug demand and growth prospects remain intact. Historical data shows Lilly has rebounded strongly from similar pullbacks, and Wall Street analysts remain overwhelmingly bullish with a consensus 16% upside target.

Axe note: After a strong rally, Eli Lilly's recent dip looks more like profit-taking than trouble.

2026-10-12 08:15 • The Motley Fool Mixed Axe Cap view: Selective

TSMC is positioned as a top AI infrastructure play due to its virtual monopoly on advanced chip manufacturing. With AI infrastructure spending projected to reach $2 trillion by 2027, analysts forecast TSMC's EPS to grow from $16.96 to $28.64 by 2028. A $1,400 investment (three shares) could be worth $2,325-$2,850 in three years, representing a 70-100% potential return, though risks include AI spending slowdowns and competition from Samsung, Intel, and Tesla's Terrafab venture.

Axe note: TSMC’s dominance in advanced chips fuels a strong AI growth story, but local investors must weigh currency and market risks carefully.