What are the magnificent seven stocks & why do they matter?

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The Magnificent 7 stocks have driven the US equity markets to new peaks in 2023 and contributed almost one-third of the S&P 500’s +23.0% gains year to date. But can this continue in 2024?
What are the magnificent seven stocks?
The magnificent seven stock as some of the biggest and best performing US stocks including:

Microsoft (MSFT),

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