The Magnificent Seven group has been the flavor of Wall Street over the past year, as these stocks led the stock market to rebound from 2022’s dismal performance. Here’s a look at how much return an investment in a basket comprising the Magnificent seven stocks in equal proportion would have fetched vis-a-vis Cathie Wood-led Ark Investment’s flagship Ark Innovation ETF (NYSE:ARKK). New Group On The Block: FAANG was the precursor to the group, now collectively called the Magnificent Seven. Originally named FANG by Jim Cramer in 2013, the group became known as FAANG with the addition of Apple, I…
