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

2026-09-27 19:34 • The Motley Fool Positive Axe Cap view: Selective

The Federal Reserve raised rates by 25 basis points with more hikes expected, creating headwinds for high-yield dividend stocks. However, Ares Capital (ARCC), yielding over 10%, could benefit from rising rates since 71% of its investment portfolio is in floating-rate debt, which generates more income as rates rise. The company has a 17-year track record of maintaining stable and growing dividends through previous rate-hike cycles, making it an attractive buying opportunity despite near-term stock price pressure.

Axe note: Rising US interest rates pressure dividend stocks, but select floating-rate plays weather storms well.

2026-09-27 19:15 • The Motley Fool Negative Axe Cap view: Selective

Nike shares have plummeted 77% from their 2021 peak and are down 44% in 2026, primarily due to a 12% revenue decline in China as local brands gain market share. The company is executing a turnaround strategy including wholesale relationship rebuilding and inventory reduction. With a strong balance sheet ($9B in cash) and continued dividend payments, long-term investors may consider small positions while the stock is undervalued, though patience will be required as the recovery unfolds.

Axe note: Nike's steep 77% fall highlights challenges in China, but what does it mean for JSE investors?

2026-09-27 18:15 • The Motley Fool Negative Axe Cap view: Selective

Before buying stocks, investors should assess their risk tolerance given current market warnings. Bank of America and JPMorgan Chase CEO Jamie Dimon have cautioned about elevated valuations, geopolitical conflict, inflation, and high debt levels that could trigger a market correction. The article recommends maintaining adequate cash reserves, diversifying away from high-flying sectors like AI, and reducing margin debt to prepare for potential bear markets.

Axe note: In a market filled with uncertainty, preserving capital and managing risk beats chasing high growth.