EWJ ETF

ETFs, online retail and health care are the focus of today's Big 3. One thing that connects these names are upward trends on their charts.

TOKYO — Japan's economy grew at an annual rate of 3.1% in the April-June period, rebounding from the contraction in the previous quarter, government data showed Thursday.

Japan's Topix stock index slid 24% from a record high reached last month and the Nikkei 225 Stock Average suffered its worst one-day slump in yen terms as investor confidence evaporated. Tony Sycamore, analyst at IG Australia, shares his take on the plunge in Asian stocks and Federal Reserve policy.

EWJ tracks the MSCI Japan index with 210 stocks, has 0.5% expense ratio. EWJ has delivered solid return in the current bull market, with a good earnings growth outlook. The fund's valuation is not expensive, and has appreciation potential due to weakening U.S. dollar.

Some South-East Asian economies' strategic advantages and supportive policies are propelling their emergence as a data center powerhouse.

Kei Okamura, Neuberger Berman SVP and Japanese equities portfolio manager, joins 'Squawk on the Street' to discuss whether buying Japanese stocks is still the hottest trade, where interest rates in Japan go from here, and much more.

The iShares MSCI Japan ETF is the biggest ETF focused on Japan, holding over $16.5bn in assets. Japan's Q1 GDP, released today, was lower than anticipated, with private consumption, making up half of the economy, struggling. The EWJ ETF is mainly made up of large industrial stocks, and the outlook for these companies is not very promising.

For Japanese stock bulls betting on another leg higher in the record-breaking rally, the spring season is on their side. In the past three decades the nation's equities have done the best in the April-June period.

The Nikkei 225 index hit a record closing high this month, marking a roughly five-fold gain from when it hit bottom in 2009.