Wall Street professionals and everyday investors are constantly on the lookout for companies, or groups of companies, that consistently outperform the broader market. For much of the past decade, this preeminent group of outperformers was the "FAANG stocks."

But with innovation comes new companies ready to carry the torch. In 2023, the upward momentum on Wall Street has been all about the "magnificent seven."

The magnificent seven stocks are (in order from largest market cap to smallest):

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Source Fool.com