Jefferies updates Franchise Picks list, adding AMZN, APP, MCD and more

Jefferies refreshed its Franchise Picks list, adding Amazon (AMZN.OQ), AppLovin (APP.OQ), Credo Technology, McDonald’s (MCD.N), RadNet, Thermo Fisher Scientific (TMO.N) and UL Solutions. The firm flagged AI infrastructure, digital advertising, healthcare demand and consumer value as the driving investment themes. Amazon was singled out for AWS’s acceleration, growing AI partnerships and stronger revenue visibility, a vote of confidence that could buoy tech and cloud-related equities. McDonald’s was added as a consumer-value play tied to its McValue initiative to lift same-store sales. Overall, the update represents a constructive institutional view that should support the newly added names and related sector sentiment.