You just knew it was just a matter of time before the Magnificent Seven, a term coined by Mad Money host Jim Cramer, was "scrapped." With the latest market sell-off and the multi-month bout of underperformance posted by the Magnificent Seven cohort (once cherished for their market-beating runs),

Large-cap companies, or those with market capitalizations of $10 billion or more, are generally thought of as more appealing than small-cap companies. That is because these $10 billion-plus businesses have proven models and typically have survived previous economic downturns.

Jim Cramer acknowledges that the trade wars could hurt retailers' profits. However, he has stock picks for companies in the sector that will survive the crisis well and flourish once the effects of high tariffs subside.