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.

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),