SPDR Portfolio MSCI Global Stock Market ETF (ARCA: SPGM)

Latest news for SPDR Portfolio MSCI Global Stock Market ETF (ARCA:SPGM)

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In seeking to track the performance of the MSCI ACWI IMI Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (SSGA FM or the Adviser), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective. The Fund is classified as diversified under the Investment Company Act of 1940, as amended; however, the Fund may become non-diversified solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities). When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.

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7 ETFs Joining The SPDR Lineup of Cheap Core Funds

Evercore ISI Group analyst James West maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Outperform and lowers the price target from $52 to $48.

Price Target

Analyst Ratings

Evercore ISI Group Maintains Outperform on Halliburton, Lowers Price Target to $48

Citigroup analyst Joao Pedro Soares maintains Despegar.com (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) with a Neutral and raises the price target from $14.5 to $15.

DESP

Citigroup Maintains Neutral on Despegar.com, Raises Price Target to $15

In the wake of President Joe Biden&#8217;s decision to withdraw from the <a href="https://www.benzinga.com/news/24/07/39874154/bidens-exit-from-presidential-race-sparks-massive-reactions-from-first-lady-gavin-newsom-marjorie-ta">race for the presidency</a>, a Kamala Harris-themed meme coin, Kamala Horris (CRYPTO: KAMA), has hit a new all-time high.
What Happened: KAMA peaked at a high of over $30 million after Biden&#8217;s announcement, a more than 1,500% return since the start of the month. The meme coin is currently trading around a valuation of $16 million, ahead of the Biden-themed Jeo Boden (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BODEN</a>) at $6 million. BODEN has lost over 99% of its value from the peak.
Politics-themed tokens oscillate in value according to news of the candidates they represent. Notably, BODEN peaked in March after Joe Biden delivered a <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37568099/how-bidens-state-of-the-union-affects-2024-white-house-odds">State of the Union address</a>, which was well received.
The shift in value from BODEN to KAMA indicates the market&#8217;s response to Biden&#8217;s withdrawal and the subsequent endorsement of Harris.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/news/24/07/39875041/gavin-newsom-backs-kamala-harris-calls-vp-tough-fearless-and-tenacious-the-ideal-candidate-to-counte">Gavin Newsom Backs Kamala Harris, Calls VP Tough, Fearless And Tenacious: &#8216;The Ideal Candidate To Counter Donald Trump&#8217;</a>
Why It Matters: Political meme coins have seen a surge in activity, with traders creating new tokens in response to the changing political landscape. 
Even before Kamala Harris officially announced to run for the presidency, crypto traders had predicted upside for the KAMA meme coin.
One trader forecasted that "Kamala becomes the candidate this sends hard, worth a gamble."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There is just no way they let Biden be the candidate for the election. Kamala seems like the obvious replacement<a href="https://twitter.com/search?q=%24KAMA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$KAMA</a> on SOL is a clear buy at $8M MC, <a href="https://twitter.com/search?q=%24BODEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BODEN</a> hit $650M 3 months back IF Kamala becomes the candidate this sends hard, worth a gamble! <a href="https://t.co/UI0D4JLXLm">https://t.co/UI0D4JLXLm</a> <a href="https://t.co/4i9SzQDm53">pic.twitter.com/4i9SzQDm53</a>
&mdash; Crypto Hype (@CryptoHypeReal) <a href="https://twitter.com/CryptoHypeReal/status/1812115130143953348?ref_src=twsrc%5Etfw">July 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Venture Coinist Luke Martin <a href="https://x.com/VentureCoinist/status/1808504187627483245">added</a> on July 3 that KAMA still needed a 100% gain to overtake BODEN, saying, "This is either the dumbest trade or the easiest 2x in crypto. Or both."
What&#8217;s Next: The influence of meme coins and <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39874401/betting-markets-favor-kamala-harris-as-top-democratic-presidential-contender">Betting Markets Favor Kamala Harris As Top Democratic Presidential Contender</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BODEN

Kamala Harris-Inspired KAMA Meme Coin Explodes 1,500% In 3 Weeks, Flips Biden-Themed BODEN Coin

Evercore ISI Group analyst Chris McNally maintains Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) with a Outperform and lowers the price target from $150 to $140.

Evercore ISI Group Maintains Outperform on Autoliv, Lowers Price Target to $140

TD Cowen analyst John Kernan maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Buy and raises the price target from $77 to $79.

TD Cowen Maintains Buy on Skechers USA, Raises Price Target to $79

Citigroup analyst Jon Tower maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and lowers the price target from $85 to $80.

SBUX

Citigroup Maintains Neutral on Starbucks, Lowers Price Target to $80

Baird analyst Mircea Dobre maintains Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) with a Neutral and raises the price target from $58 to $67.

Baird Maintains Neutral on Terex, Raises Price Target to $67

TD Cowen analyst Marc Bianchi maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Buy and lowers the price target from $47 to $45.

TD Cowen Maintains Buy on Halliburton, Lowers Price Target to $45

Citigroup analyst Itay Michaeli maintains Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) with a Neutral and lowers the price target from $119 to $108.

Citigroup Maintains Neutral on Autoliv, Lowers Price Target to $108

Truist Securities analyst Joon Lee maintains argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) with a Buy and raises the price target from $480 to $540.

ARGX

Truist Securities Maintains Buy on argenx, Raises Price Target to $540

TD Cowen analyst Marc Bianchi maintains Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Buy and raises the price target from $62 to $64.

TD Cowen Maintains Buy on Schlumberger, Raises Price Target to $64

Citigroup analyst Keith Horowitz maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Neutral and raises the price target from $85 to $90.

Citigroup Maintains Neutral on State Street, Raises Price Target to $90

Truist Securities analyst Brandon King maintains Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) with a Buy and raises the price target from $107 to $118.

WTFC

Truist Securities Maintains Buy on Wintrust Finl, Raises Price Target to $118

Truist Securities analyst Brandon King maintains Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) with a Buy and raises the price target from $74 to $88.

Truist Securities Maintains Buy on Western Alliance, Raises Price Target to $88

Brookline Capital analyst Kemp Dolliver initiates coverage on iBio (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IBIO#AMEX">IBIO</a>) with a Buy rating and announces Price Target of $3.6.

Initiation

IBIO

Brookline Capital Initiates Coverage On iBio with Buy Rating, Announces Price Target of $3.6

Glass House Brands Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLASF#OTC">GLASF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GHBWF#OTC">GHBWF</a>) announced on Monday that a California court dismissed a lawsuit accusing the cannabis giant of involvement in the illegal cannabis market. The Superior Court of California in Los Angeles County ruled in favor of Glass House, dismissing the case with prejudice and awarding costs against the plaintiff, Catalyst Cannabis Co.
<h3 class="wp-block-heading">Court Rejects Catalyst&#8217;s Claims Against Glass House</h3>
The dismissed suit, filed by Long Beach-based retail chain 562 Discount Med Inc., operating as Catalyst Cannabis Co., alleged unfair competition by Glass House. The court, however, <a href="https://www.benzinga.com/markets/cannabis/24/06/39492317/la-court-judge-set-to-dismiss-major-lawsuit-against-californias-top-cannabis-cultivator" target="_blank" rel="noreferrer noopener">ruled on June 25</a>, that the imposition of an injunction as requested by Catalyst would encroach on the regulatory duties of administrative agencies, deeming any such enforcement as overly burdensome. Consequently, the case concluded last Monday, with a judgment favoring Glass House, which also included an order for Catalyst to cover the legal costs, <a href="https://www.globenewswire.com/en/news-release/2024/07/22/2916451/0/en/Glass-House-Brands-Announces-Court-Dismissal-of-Catalyst-Lawsuit.html" target="_blank" rel="noreferrer noopener">according</a> to a press release from Glass House.
This dismissal comes after a year of legal battles that began in June 2023, <a href="https://www.benzinga.com/markets/cannabis/23/06/32840939/weed-trafficking-plot-california-co-sues-competitor-over-alleged-black-market-profiteering" target="_blank" rel="noreferrer noopener">when Catalyst accused Glass House</a> of diverting legally produced cannabis to illegal markets. Glass House responded by countersuing Catalyst and its principals for defamation, <a href="https://www.benzinga.com/markets/cannabis/24/05/38951302/californias-corporate-weed-beef-glass-house-withdraws-defamation-suit-against-catalyst-cannabis" target="_blank" rel="noreferrer noopener">a case Glass House voluntarily dismissed last May</a>, citing concerns over Catalyst&#8217;s financial instability and potential harassment.
<h3 class="wp-block-heading">Glass House Defends Compliance California's Regulations</h3>
Glass House&#8217;s adherence to California's METRC system for monitoring licensed <a href="http://benzinga.com/cannabis">cannabis</a> operations has been a cornerstone of their defense. Despite Catalyst&#8217;s CEO, Elliot Lewis, <a href="https://www.benzinga.com/markets/cannabis/24/06/39492317/la-court-judge-set-to-dismiss-major-lawsuit-against-californias-top-cannabis-cultivator" target="_blank" rel="noreferrer noopener">criticizing the court&#8217;s decision as a sidestep</a>, the ruling points to the complexity of enforcing such allegations and notes that regulatory responsibilities fall to the state's Department of Cannabis Control (DCC).
Glass House continues to emphasize its commitment to compliance and operational integrity amidst <a href="https://www.benzinga.com/markets/cannabis/24/07/39731486/illegal-marijuana-grows-left-6-000-pounds-of-waste-in-california-state-parks-helicopters-were-ne" target="_blank" rel="noreferrer noopener">California&#8217;s cannabis industry-wide hurdles</a>.
GLASF Price Action GLASF's shares were trading 1.23% higher at $7.00 per share at the time of this writing around 10:50 AM ET Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39798378/california-looks-to-address-growing-environmental-concerns-of-cannabis-vape-pen-disposal">California Looks To Address Growing Environmental Concerns Of Cannabis Vape Pen Disposal</a></li>
</ul>

Cannabis

Government

Regulations

Legal

GHBWF

GLASF

Legal Win For Glass House: LA Court Dismisses Lawsuit Alleging Illegal Cannabis Dealings

Truist Securities analyst Neal Dingmann maintains Vital Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) with a Buy and lowers the price target from $75 to $68.

VTLE

Truist Securities Maintains Buy on Vital Energy, Lowers Price Target to $68

Truist Securities analyst Neal Dingmann maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Buy and raises the price target from $53 to $54.

VNOM

Truist Securities Maintains Buy on Viper Energy, Raises Price Target to $54

Citigroup analyst Patrick Cunningham maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Buy and lowers the price target from $145 to $144.

Citigroup Maintains Buy on PPG Indus, Lowers Price Target to $144

Truist Securities analyst Brandon King maintains Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) with a Hold and raises the price target from $62 to $70.

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SPDR Portfolio MSCI Global Stock Market ETF

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Latest news for SPDR Portfolio MSCI Global Stock Market ETF (ARCA:SPGM)

Monday, September 23, 2019