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In 2013, Jim Cramer coined the term “FANG” stocks, which included Facebook (META), Amazon (AMZN), Netflix (NFLX), and Google (GOOG). A few years alter, Apple (AAPL) was added and turned “FANG” into “FAANG.” A decade later, Bank of America analyst Michael Hartnett coined the term “Magnificent 7 Stocks,” adding Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA). Netflix didn’t make the cut this time.
While there wasn’t any set criteria for inclusion into these coveted groups, member companies were in high-growth industries and were market leaders with strong track records on execution. They command unrivaled brand presence and some essentially are monopolies.
