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Ryan Routh – accused of attempting to assassinate President Donald Trump when he was a major candidate in the 2024 election at his Florida golf club last year – has chosen to represent himself in court, a decision one legal expert says could prove disastrous.

Cully Simson, a former prosecutor, defense attorney and judge, told Fox News Digital that while the Constitution guarantees the right to self-representation, it’s ‘almost always a mistake.’

‘It really makes no sense for somebody to defend themselves, especially in a serious case,’ he said. ‘They have the right to do it, but it’s not prudent.’ 

Self-representation creates risks and an unusual courtroom dynamic where the judge and prosecutor ‘have to pull their punches’ to protect the record, and essentially ‘protect the defendant from himself.’

A seasoned defense attorney knows how to put prosecutors to the test, forcing them to prove every element of the case and carefully laying the groundwork for potential appeals. When a defendant represents himself, Simson said, that kind of strategy is completely missing.

‘And so what ends up happening is the judge and the prosecutor has to play, in a weird way, a defensive role, in addition to the role of the judge being a neutral and impartial arbiter of the law, and the prosecutor just be the person who advocates on behalf of the government. You have to essentially protect the defendant from himself, and that is so much more difficult,’ he said.

Simson said defense attorneys typically ‘push the envelope’ and force the government to object, but when someone is representing themselves, lawyers hold back ‘because he’s not going to be smart enough or educated enough to object.’

This can sometimes create an atmosphere where a ‘right to a fair trial’ can become skewed – and it’s something law students study, too.

‘That’s that sophisticated point that law students talk about, and lawyers talk about. If you had a public defender or a private defense counsel who wasn’t very good and made a number of mistakes during the trial, if the guy’s convicted, one of the first things on appeal is you’ll claim ineffective assistance of counsel,’ Simson said.

‘You can’t claim ineffective assistance of counsel when you represent yourself.’

When asked if there were any pros to self-representation in a federal trial, Simson said, ‘I guess one pro would be to conduct his defense exactly how he wanted to.’

‘For example, in the Long Island shooter case, no criminal defense attorney was going to let that nut job act out in court and be the wacko he was,’ he said.

As in the notorious 1993 Long Island Rail Road case, convicted killer Colin Ferguson chose to represent himself and even took the witness stand to question his own victims. 

Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he was armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024.

The trial is expected to last several weeks, but Trump-appointed Judge Aileen Cannon urged both sides to keep proceedings efficient.

Opening statements are tentatively scheduled for Thursday, Sept. 11, if the panel is seated on time.

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The jury has been seated for the high-profile federal trial of Ryan Routh, the North Carolina man accused of attempting to assassinate former President Donald Trump at his West Palm Beach golf club last September, when Trump was a leading candidate in the 2024 election.

After three days of jury selection that began Monday, 12 jurors and four alternates were chosen. The panel includes six white women, four white men, one Black woman and one Black man. The alternates are two white women and two white men. Opening statements are set for Thursday morning in Fort Pierce, Florida, where prosecutors are expected to launch their case immediately.

Three groups of 60 potential jurors went through the selection process, where prosecutors and Routh — who is representing himself — asked potential jurors questions to assess if they could fairly participate in the trial. 

During Wednesday’s session, Routh said he wanted to raise an objection due to the prosecution eliminating two potential jurors who were Black.

‘I want to raise that we have a racist situation,’ Routh said. 

But the prosecution said that one of the potential jurors was Haitian and would face language barriers, and that they had no knowledge the other was Black. 

On Tuesday, U.S. District Judge Aileen Cannon eliminated a potential juror for the trial because the woman asserted, ‘I am MAGA.’ According to Cannon, the statement showed ‘self-declared bias.’ 

Another woman was eliminated as a potential juror for saying she ‘only follows God’s law’ on a questionnaire. 

During Monday’s session, Routh’s questions for potential jurors included their views on the war in Gaza, their position on the U.S. potentially acquiring Greenland as the president has floated, and how they would act if they were driving and spotted a turtle in the middle of the road.

In response, Cannon labeled them ‘politically charged,’ and said that they were unnecessary for jury selection. 

Prosecutors claim that Routh sought to kill Trump for weeks, and staked out a spot in shrubbery on Sept. 15, 2024 when a Secret Service agent detected him pointing a rifle at Trump while the then-presidential candidate played golf at his West Palm Beach country club. Routh aimed his rifle at the agent, but abandoned his weapon at the scene after the Secret Service agents opened fire. 

Routh was later apprehended by the Martin County, Florida, Sheriff’s Office on the I-95 interstate in a black Nissan Xterra. 

Routh faces federal charges including attempted assassination of a major presidential candidate, as well as assaulting a federal officer and various gun violations. The charges carry a potential life sentence if the jury finds him guilty. Meanwhile, Routh has maintained he’s innocent and pleaded not guilty to all federal charges, in addition to state charges of terrorism and attempted murder. 

Routh was previously convicted of felonies in North Carolina in 2002 and 2010. 

The court has allocated four weeks for Routh’s trial, although it is expected to wrap up sooner. 

Fox News’ Jamie Joseph, Olivianna Calmes, Jake Gibson, Heather Lacey and the Associated Press contributed to this report. 

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Vigils were held across the country following the killing of conservative activist Charlie Kirk at an event in Utah on Wednesday.

Kirk, the 31-year-old co-founder of Turning Point USA, was shot and killed on the campus of Utah Valley University on Wednesday afternoon. He was transported to a hospital in critical condition before he was later pronounced dead.

Politicians, faith leaders, fellow conservative activists and others mourned Kirk’s death, with some announcing vigils to stand against political violence in the wake of his murder.

Turning Point USA campus chapters at colleges across the country organized vigils on Wednesday night for the organization’s founder.

‘In response to the reprehensible and senseless murder of Charlie Kirk, we are gathering tonight at Westlake Park in Seattle at 7:30PM for a time of prayer, worship, and solitary as we take a stand against the senseless political and religious violence in America,’ Russell Johnson, lead pastor at The Pursuit in Washington state, wrote on X announcing his church’s vigil.

Rep. Ryan Zinke, R-MT, said there would be a prayer vigil at a church on Capitol Hill on Wednesday night.

‘I invite Montanans to join us in prayer and spirit praying for Charlie, his family and our divided nation. We must heal,’ he wrote on X.

In Arizona, the group Catholics for Catholics said a rosary vigil would be held Wednesday night.

‘Charlie Kirk’s local Catholic community gathers to pray the Rosary for the Eternal Rest of his soul,’ the group wrote on Instagram.

‘Charlie was our friend,’ the post added. ‘His family are our neighbors. He attended our Church. We loved him and America loves him too. It’s time now for us to pray and ask for Our Lady to usher his soul into heaven.’

The New York Yankees held a moment of silence ahead of Wednesday night’s game against the Detroit Tigers to honor Kirk.

‘Before tonight’s game we held a moment of silence in memoriam of Charlie Kirk. Kirk founded the youth activist group ‘Turning Point USA’ and had become a fixture on college campuses,’ the team said on X.

Kevin Smith, founder of the conservative media company The Loud Majority, also announced a vigil scheduled for Saturday in New York.

President Donald Trump, officials in his administration, other U.S. politicians on both sides of the aisle, foreign leaders and sports figures were among those who came out in mourning Kirk and condemning acts of political violence.

‘The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the Youth in the United States of America better than Charlie. He was loved and admired by ALL, especially me, and now, he is no longer with us,’ Trump wrote on Truth Social. ‘Melania and my Sympathies go out to his beautiful wife Erika, and family. Charlie, we love you!’

California Gov. Gavin Newsom, a Democrat, said on X that the attack on Kirk was ‘disgusting, vile, and reprehensible,’ adding: ‘In the United States of America, we must reject political violence in EVERY form.’

‘Charlie Kirk was murdered for speaking truth and defending freedom,’ Israeli Prime Minister Benjamin Netanyahu said on X. ‘A lion-hearted friend of Israel, he fought the lies and stood tall for Judeo-Christian civilization.’

‘Condolences to his family and the young people of this country,’ Bruce Pearl, Auburn University’s men’s basketball coach, said on X. ‘Many in our Auburn student body are horrified tonight, you young patriots who love our country like Charlie. For now let’s morn, keep the violent rhetoric down and then live our best lives, committed to making this country better.’

Kirk leaves behind his wife, Erika Lane Frantzve, and two children.

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Vice President JD Vance shared a deeply personal remembrance of conservative activist Charlie Kirk, who was fatally shot Wednesday while speaking at Utah Valley University. In a lengthy post on X, Vance honored his late friend as a man of ‘courage,’ ‘faith’ and profound loyalty.

Kirk, the co-founder and CEO of Turning Point USA, was a close confidant of Vance’s both personally and politically. Their friendship stretched from early skepticism about Donald Trump in 2016 to the heights of the 2024 campaign trail.

Vance’s candid social media reflection gave a rare glimpse into Kirk’s influence not only on the conservative movement but also on the very formation of the Trump-Vance team.

‘Charlie was fascinated by ideas and always willing to learn and change his mind,’ wrote the Vice President. ‘Like me, he was skeptical of Donald Trump in 2016. Like me, he came to see President Trump as the only figure capable of moving American politics away from the globalism that had dominated for our entire lives.’

‘Charlie was one of the first people I called when I thought about running for senate in early 2021. We talked through everything, from the strategy to the fundraising to the grassroots of the movement he knew so well. He introduced me to some of the people who would run my campaign and also to Donald Trump Jr.’

Kirk, a longtime advocate for young people in the conservative movement, was described by Vance as pivotal to President Trump’s decision-making process in his selection as running mate in 2024.

‘When I became the VP nominee—something Charlie advocated for both in public and private—Charlie was there for me… Charlie was constantly calling and texting, checking on our family and offering guidance and prayers,’ Vance added.

He also highlighted the father-of-two’s strong faith in Christ, saying, ‘Charlie genuinely believed in and loved Jesus Christ. He had a profound faith. We used to argue about Catholicism and Protestantism and who was right about minor doctrinal questions. Because he loved God, he wanted to understand him.’

His ‘true,’ friendship and loyalty were valued by Vance, with the Vice President recalling Kirk as ‘a true friend. The kind of guy you could say something to and know it would always stay with him.’

Vance also credited Kirk with helping power the Trump movement in 2024, noting that ‘so much of the success we’ve had in this administration traces directly to Charlie’s ability to organize and convene.’

After reports came out Wednesday afternoon, the Vice President said he spoke with President Trump about Kirk candidly.

‘I was talking to President Trump in the Oval Office today, and he said, ‘I know he was a very good friend of yours.’ I nodded silently, and President Trump observed that Charlie really loved his family,’ said Vance. ‘The president was right.’

‘I was in a meeting in the West Wing when those group chats started lighting up with people telling Charlie they were praying for him. And that’s how I learned the news that my friend had been shot,’ recalled Vance.

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House Judiciary Committee Democrats have announced they are probing the FBI over whether Director Kash Patel is willfully refusing to disclose information related to Jeffrey Epstein.

‘Who exactly are you protecting by refusing to release the Epstein files? In 2023, on Benny Johnson’s podcast, you were asked why the Federal Bureau of Investigation (FBI) was ‘protecting the world’s foremost predator’ by refusing to release the Epstein client list. Your answer: ‘Simple. Because of who’s on that list,” Democratic lawmakers, led by ranking member Rep. Jamie Raskin, D-Md., wrote.

‘Now that you are the Director of the FBI, you know precisely who is implicated in the Epstein files, yet you refuse to release them. Who are you protecting and why?’

The letter pointed to several occasions where Patel called for transparency in Epstein’s case, including his statement soon after taking the role, ‘There will be no cover-ups, no missing documents, and no stone left unturned — and anyone from the prior or current Bureau who undermines this will be swiftly pursued.’

‘Strangely, all these promises appear to have collapsed once you determined who was actually in the files,’ the Democrats wrote.

They also referenced a New York Times report that detailed hundreds of people pouring over thousands of documents related to Epstein.

‘This frantic review by nearly 1,000 agents of over 100,000 pages of investigative material apparently revealed no information worthy of disclosure to the American public— however, at least some information from the review was shared with President Trump. In May, Attorney General Bondi reportedly informed President Trump that his name indeed appeared repeatedly in the Epstein files,’ the letter said.

‘Obvious questions abound: why were so many agents tasked with reviewing documents that were never released? What specific instructions were they given during the review? What information did these agents uncover that led DOJ and FBI to reverse their promise to release the files, and how are these decisions related to the President?’

President Donald Trump himself denied being told that his name was in any files related to Epstein in late July.

‘No, I was never, never briefed. No,’ the president said at the time.

It was never reported in what context Trump’s name may have appeared, however. It’s known that the two were friendly before a falling out in the early 2000s, though Trump has never been implicated in any wrongdoing related to Epstein’s crimes.

Trump himself directed the Department of Justice (DOJ) to release grand jury transcripts related to Epstein, and Attorney General Pam Bondi subsequently had her deputy interview Epstein accomplice Ghislaine Maxwell in a Florida prison.

Trump has also called the furor surrounding Epstein a ‘hoax’ on multiple occasions.

The DOJ has since turned over thousands of documents related to Epstein to the House Oversight Committee.

Convicted sex offender Epstein committed suicide in 2019 while awaiting prosecution on federal sex trafficking charges and the GOP base has fractured over the administration’s handling of the case.

The divisions stem from a DOJ memo released in July that said, ‘This systematic review revealed no incriminating ‘client list.’ There was also no credible evidence found that Epstein blackmailed prominent individuals as part of his actions. We did not uncover evidence that could predicate an investigation against uncharged third parties.’

Democrats have since seized on the discord with newfound calls for transparency in Epstein’s case, which Republicans have panned as hypocrisy.

An FBI public information officer declined to comment on the letter when the bureau was reached by Fox News Digital.

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The Vanguard S&P 500 Index (VOO) and the SPDR S&P 500 Index (SPY) ETFs have surged this month and are hovering at their all-time highs, helped by the ongoing demand for equities ahead of the US inflation data. The VOO ETF is trading at $600 while the SPY was trading at $650. 

VOO ETF stock price analysis points to a retreat 

A keener technical analysis shows that the VOO and SPY ETDs could be on the cusp of a pullback in the coming weeks. 

The chart below shows that the VOO ETF has formed the rising wedge pattern, which comprises of two ascending and converging trendlines. The two lines of this pattern are now nearing their confluence, pointing to a pullback.

Further, the ETF is yet to retest the important support level at $560, its highest level in February. It is common for an asset to retest a crucial support after making a bullish breakout. This situation is known as a break-and-retest pattern and is one of the most common continuation signs in technical analysis.

The VOO ETF remains much higher than the 100-day and 200-day Exponential Moving Averages (EMA), which are at $533 and $542, respectively. In most cases, an asset will always go through a process known as a mean reversion, where it retreats these moving averages.

Meanwhile, the Relative Strength Index (RSI) and the MACD indicators have been moving downwards in the past few months even as the VOO ETF climbed. This performance is known as a bearish divergence and is a common sign of a reversal.

Therefore, the ETF will likely retreat in the next few weeks, potentially to the important support level at $560 and then resume the uptrend.

Pullbacks are common with the S&P 500 Index. For example, in April, it plunged from a high of $560 to a low of $442, a 21% plunge. This decline happened after Donald Trump launched his tariffs.

VOO ETF stock | Source: TradingView

Why the S&P 500 Index may retreat 

Fundamentally, there are three main reasons why the S&P 500 Index and its ETFs may retreat in the near term.

First, there is the concept known as buying the rumor and selling the news. In this, the S&P 500 Index has surged as investors anticipate a Federal Reserve interest rate cut in the next meeting.

This cut will definitely happen as the US has published weak jobs numbers. A report on Tuesday showed that the number of Americans on payrolls was 911,000 lower than expected. Similarly, the official nonfarm farm payroll data shows that the economy created just 22,000 jobs in August as the unemployment rate rose to 4.3%.

Therefore, the Federal Reserve will cut rates to help prevent further deterioration of the labor market. We expect the rate cut to be hawkish as the economy is going through a stagflation period.

Stagflation, which is the Federal Reserve’s worst nightmare, happens when the economy is slowing and inflation is rising. Economists expect the upcoming data to show that the headline Consumer Price Index rose to 3% in August.

The other potential risk for the VOO and SPY ETFs is that the inflows from American and international investors to its funds is slowing, which is a sign of buyers fatigue. For example, the VOO ETF had a $104 million outflow last week. RBC analysts said:

“When we zoom out, we think this is evidence of buyers’ fatigue. Importantly, within US equity funds retail flows have faltered recently.”

Finally, there is a risk that the artificial intelligence industry, which has boosted the stock market, is slowing. In a recent statement, NVIDIA confirmed that its business was not growing at a faster pace than initially expected. This is a major headwind as most of the recent S&P 500 gains have been attributed to the AI tailwind.

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The QQQ ETF continued its strong rally, a trend that may continue on Wednesday after Oracle published strong financial results. The fund, which tracks the Nasdaq 100 Index, was trading at $580, up by over 44% from its lowest level this year. So, will the ETF continue it bull run or is a pullback coming.

Oracle stock surge to boost the QQQ ETF

The Nasdaq 100 Index and its related ETFs will likely continue the uptrend in the near term. The main driver for this is the latest Oracle earnings, which helped to propel its stock up by 28% in the extended hours. 

These results showed that Oracle is becoming a major player in the cloud computing industry, which has been dominated by companies like Amazon, Google, and Microsoft in the past few years.

One reason for this is its partnership with OpenAI, which entered a deal with the company earlier this year. Estimates show that the deal could be worth over $30 billion annually. 

The company has also won customers like Cohere, Circles, Mithril, Numenta, and Generalist, among others. Consequently, its remaining performance obligations jumped by 360% YoY to $455 billion.

Oracle’s revenue jumped by 12% in the last quarter to $14.9 billion. All these helped to drive its share price up by over 28%.

The results mirrored those of Broadcom, which has jumped recently, pushing its market cap to over $1.58 trillion. Broadcom soared after it inked a deal with OpenAI for its AI chips.

Federal Reserve interest rate cut

The other bullish catalyst for the QQQ ETF is that the Federal Reserve will cut interest rates by 0.25% on Wednesday next week. 

Odds of a cut have jumped in the past two months as the US published weak jobs numbers recently. An economic report showed that the economy added over 73k jobs in July and 22,000 in August, confirming that the labor market was softening. 

Jamie Dimon, who heads the biggest bank in the US, has also warned that the US was heading towards a recession this year because of Donald Trump’s tariffs. 

The risk, however, is that such a recession will happen at a time of high inflation rate, making it a stagflation. In a stagflation, the Fed normally leans toward its dual mandate. In this case, it will lean on a rate cut to boost the labor market. 

Fed cuts normally leads to a higher stock market as investors move away from bonds.

Still, the QQQ ETF may pull back in the coming weeks for a few key reasons. First, the Fed cut may become a sell-the-news situation, where investors sell an asset after a major event happens. 

The other risk is that the Nasdaq 100 Index may go through a buyers fatigue after the recent surge. One reason for this is that its current P/E ratio of 33 is much higher than the historical average of 20.

QQQ ETF stock price analysis

QQQ stock chart | Source: TradingView

The daily timeframe chart shows that the QQQ ETF stock has been in a strong bullish trend in the past few months. It has moved above the important resistance level at $540, its highest level in April this year. 

The risk, however, the stock could go through a mean reversion as the 200-day moving average is at $522. Also, the Relative Strength Index (RSI) have continued falling in the past few days. 

Therefore, while the long-term outlook is bullish, the stock will retreat, and possibly retest the support level at $540. Such a move would be bullish as it would confirm a break-and-retest pattern, which is a common bullish outlook.

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IBM stock price has bounced back in the past few weeks, moving from a low of $233 in August to $259 today. This rebound happened as investors bought the dip following its post-earnings dip in July. This article explores whether IBM is a good stock to buy today.

IBM stock price plummeted after its earnings

IBM, a top technology company, plunged in July when it published it second-quarter results. The numbers showed that the revenue rose by 8% to 17%. 

All its business divisions grew during the quarter, with the software, consulting, and infrastructure jumping by 10%, 3%, and 14%, respectively. 

Its software business remains its largest, generating over $7.4 billion in revenue. In this business, the company offers solutions like hybrid cloud, automation, data, and transaction processing. 

Meanwhile, the consulting business, where it competes with companies like Accenture and Wipro, rose by 3% to $5.3 billion. This division has come under substantial pressure in the past few months as Trump’s Department of Government Efficiency (DOGE) has ended many contracts. 

IBM Infrastructure business, which is made up of hybrid infrastructure and infrastructure support, made over $4.1 billion. 

Like other similar companies, investors are focusing on artificial intelligence, an area which IBM is lagging its top peers like Oracle, Amazon, and Microsoft. 

In its report, the management noted that its orderbook stood at $7.4 billion. In contrast, Oracle noted that its remaining performance obligations (RPO) jumped to nearly $500 billion.

While IBM’s cloud computing business is growing, its market share continues to shrink. The big 3, AWS, Azure, and Google Cloud hold market share of 63%, while Alibaba and Oracle have 4% and 3%, respectively. IBM is much smaller than these firms. 

Earnings growth and valuation 

Wall Street analysts believe that IBM growth will continue, albeit at a slower pace in the future. The average estimate is that the company will make $16 billion in the current quarter, a 7.56% increase from what it made in the previous one. Other tech companies like Oracle and Microsoft are still experiencing double-digit revenue growth.

Read more: IBM turnaround: is the giant awakening?

Analysts see IBM’s revenue rising by 8% in Q4 to $19 billion, bringing its annual revenue to $65 billion, a 6% annual increase.

IBM’s earnings growth is also expected to continue gradually, with the EPS growing from $2.3 in Q3’24 to $2.44 in the current quarter.

Taken together, these numbers show that IBM is still growing, albeit at a slower pace than its closest competitors. As such, its valuation should take this into account.

SeekingAlpha data shows that IBM has a GaaP forward price-to-earnings ratio of 27 and a non-GaaP multiple of 23. These numbers are fair consider that other competitors have multiple of over 35.

IBM share price technical analysis

IBM stock chart | Source: TradingView 

The weekly chart shows that the IBM share price has rebounded in the past few weeks, moving from a low of $233 to $259 today. It has moved back to the ascending channel, which has been forming since January last year. 

IBM share price has remained above the 100-week Exponential Moving Average (EMA), which is a highly bullish aspect.

Therefore, the most likely scenario is where the stock continues rising as bulls target its all-time high of $292. This price is notable because it is a few points below the average 12-month estimate of Wall Street analysts, who see it rising to $297.

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Adobe stock price has plummeted in the past few months as competition in its business has continued rising. ADBE bottomed at $331 in August, down by over 44% from its highest level in 2024. A closer look at its performance shows that it is now trading at a bargain. 

Why the Adobe stock price has crashed

Adobe, a company that used to be a darling among investors has slowly become a disliked name in the past two years. 

There are two primary reasons for the ongoing performance. First, its core business has been disrupted by companies like Figma and Canva. 

Figma, which recently went public, is now valued at over $26 billion, while the latest fundraising placed the valuation at of Canva at over $50 billion. This disruption is a major issue as Adobe’s business used to be praised for its moat. 

Second, Adobe has struggled in the ongoing artificial intelligence hype. While it has invested in the AI space, recent results don’t show its impact. There are also fears that the AI trend will disrupt some of its business.

ADBE seems highly undervalued

While Adobe’s business is struggling, there are signs that the company is highly undervalued. First, the Adobe stock price trades at $354, much lower than the average estimate among analysts is $480, implying a 35% upside from the current level.

Brian Schwarz of Oppenheimer and Gregg Moskowitz of Mizuho see the stock rising to $460, while Brad Zelnick see it jumping to $475. The most bullish analysts are from Morgan Stanley, Goldman Sachs, and D.A Davidson, who see it jumping to over $500.

Other valuation multiples show that the company is undervalued, considering that its business is still growing. The company has a forward price-to-earnings (PE) ratio of 22 and 17 on a non-GAAP basis. The two numbers are lower than the sector averages and that of the S&P 500,

Adobe is also cheap based on the rule-of-40 multiple. On this, its trailing net income margin is 30%, while its revenue growth is 10.6%, resulting in a rule of 40 metric of 40.6%.

Adobe earnings ahead

The next important catalyst for the ADBE stock price is its earnings, which will come out on Thursday. Analysts expect these numbers to show that the revenue rose by 9.25% in the third quarter. 

Its earnings will be $5.18, also higher than the $4.65 it made last year. Adobe has a long record of beating its earnings, meaning that its performance will be strong. 

Most importantly, analysts expect that, despite its challenges, its annual revenue growth will be over 9.6% in the next two years. 

ADBE stock price analysis

Adobe stock price chart | Source: TradingView

The daily timeframe chart shows that the ADBE share price could be on the verge of a strong bullish breakout in the near term. That’s because the stock has formed a double-bottom pattern at $332 and a neckline at $422. 

Therefore, the stock will likely have a strong breakout, potentially to $422, its highest point in May. This breakout may happen after the company publishes its financial results. 

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The Ethereum price held steady on Thursday morning as market participants waited for the upcoming US inflation data. ETH was trading at $4,400, a range it has been at in the past few days. This price is a few points below the year-to-date high of $4,945. So, will it rise or fall ahead of the US Inflation data?

Ethereum price waits for US inflation data 

ETH price remained in a tight range a few points below its all-time high as investors waited for the upcoming US inflation data.

Economists polled by Reuters expect the data to show that the headline Consumer Price Index (CPI) continued to rise in August as the impact of Donald Trump’s tariffs continued.

The average estimate is that the headline CPI rose from 2.7% in July to 2.9% in August, continuing a trend that has been happening in the past few months. They expect the CPI to rise from 0.2% to 0.3% on a MoM basis.

Core inflation, which excludes the highly volatile food and energy prices, is expected to come in at 3.1% on a YoY basis and 0.3% on a MoM basis.

However, inflation may not rise as expected in August. A report released on Wednesday showed that the headline Producer Price Index (PPI) dropped from 3.1% in July to 2.6% in August, while the core PPI moved from 3.4% to 2.8%.

US inflation numbers have an impact on Ethereum and other cryptocurrencies. A lower-than-expected figure means that the Federal Reserve may decide to cut interest rates by 0.50% next week.

Such a move would boost risk assets as it would fuel a rotation from safe assets like bonds to cryptocurrencies and stocks. It would also lower the value of the US dollar index.

ETH ETF inflows are continuing 

Ethereum price is also rising as hopes of more demand rise. SoSoValue shows that the investors added $171 million in inflows on Wednesday, much higher than the $44 million it added a day earlier. These inflows are notable because the funds experienced outflows in the previous six consecutive days.

Ethereum ETFs have had cumulative inflows of over $12.84 billion, with BlackRock’s ETHA having the most of them at.$12.7 billion.

Grayscale’s ETHE had outflows of $4.58 billion, while Fidelity has had over 3.2 billion in inflows.

Other parts of the Ethereum network are doing well, with data showing that the stablecoin supply soared by 11% in the last 30 days to $157 billion, and the number of transactions rose to 22.7 million.

Ethereum has also become a major player in the decentralized finance industry, where its assets have soared to over $202 billion.

Ethereum price technical analysis 

ETH price chart | Source: TradingView

The daily chart above shows that the Ethereum price was trading at $4,405 on Thursday, a few points below the all-time high of $4,944.

Ethereum price remains above all moving averages, a sign that bulls remain in control for now. Most importantly, it has formed a bullish pennant pattern, which is characterized by a vertical line and a symmetrical triangle pattern.

Therefore, the most likely ETH price forecast is where it soars and possibly hits the important resistance level at $5,000. A move above that price will point to more gains, potentially to $6,000.

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