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Jefferies Picks 17 Favorite U.S. Stocks for 2016


Which stocks have compelling investment ideas for 2016? Jefferies, a global investment banking firm owned by Leucadia National, updated its "Franchise Picks List," to include 17 U.S.-based stocks.

The list, first introduced in December 2013, highlights the firm's "highest conviction Buy-rated U.S. stocks."

In its latest update, Jefferies analysts added Manitowoc Co. (MTW - Get Report) to the list, while VeriFone and Western Digital were deleted. Earlier this month the analysts had added Gulfport Energy (GPOR - Get Report) and Stericycle (SRCL - Get Report) .

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"The list has had some big winners, it's had its share of losers, too, and the net is that on average, individual stocks have modestly outperformed the S&P since inception," according to Monday's note to clients.

The last time Jefferies updated the list -- in June -- Alphabet (GOOG - Get Report) (GOOGL - Get Report) was the biggest underperformer of the group, while Mallinckrodt (MNK) was the best performer of the year.

"Alphabet is now outperforming the S&P by 41% since its addition to the list, and MNK is modestly underperforming the index. ATVI, which is currently on the list, is the biggest outperformer in the list's brief history, outperforming by 114%," the note said.

The current list is skewed more toward value than growth, the note said, "but the list remains focused on compelling single name stories rather than following a style preference."

"Still, we'd remind investors that value has often outperformed growth following Fed rate hikes, perhaps partly because rate hikes presume a strong economy, and that could be helpful to the list in '16," the note said.

The stocks...