Episode 27: Sun starts to set on tech rally

Strong Australian employment data fuels speculation of an August rate hike, impacting various sectors. Fortescue Metals – Shares fell 2.3% following the announcement of 700 job cuts and a shift from its green hydrogen plans due to high energy costs and limited demand. The company focuses on renewable electricity and continues clean energy projects. Electro Optic Systems Holdings – Reported a 92% increase in unaudited revenue for the first half of 2024, driven by production and expansion in EM Solutions and Space Technologies. Despite a cash balance reduction, the company improved cash flow. DroneShield – Experienced a dramatic two-day share price plunge, losing over $800 million in value due to valuation concerns and short-selling activities. Despite its first profit in 2023, investor concerns over its high valuation spooked the market. Aussie Broadband – Launched a new value market brand, Buddy Telco, with a $10 million marketing campaign. Despite positive FY25 EBITDA guidance, shares fell 16.5% amid competitive pressures. Buddy targets 100,000 customers within three years with a digital-first, self-service model.   Trade of the Week: Real Estate Fixed Coupon notes remain attractive amid market volatility. These structured investments offer stability and potential growth with high-quality Australian REITs and a fixed coupon of 10.1%.