On Monday, December 7, 2015, the stocks at the top of the iShares MSCI Japan ETF (EWJ) were Amada Holdings, Mixi, and TDK. They yielded 5.2%, 4.9%, and 4.7%, respectively.
Amada contributed the highest return to EWJ
Amada Holdings is an industrial machinery manufacturing company. It manufactures, sells, maintains plate products. The company contributed a 5.2% return to EWJ on December 7, 2015.
The stock was upgraded by Mitsubishi UFJ (MTU) on December 4, 2015. It rose to “overweight” from “neutral.” The 12-month target price rose to 1,570 yen per share. The above graph compares the performance of Amada Holdings with its peer Hitachi Machinery.
Why was it upgraded?
- The profit margin will grow as it received huge orders.
- The profits from laser machines will likely rise over time due to increased production and new product development.
- It could receive near-term orders from North America and Japan.
According to an analyst survey, the stock received three “buy” recommendations, seven “hold” recommendations, and two “sell” recommendations. The stock’s YTD (year-to-date) return is 22%.
The stocks at the bottom of EWJ were Softbank (SFTBY), Sony, and Mitsubishi. They yielded -0.09%, -1%, and -0.9%, respectively.
To learn more, read FEZ, Developed Markets Rise on Strong US Employment Data.