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Quanta Services provides infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. It operates through the following segments: Electric Power Infrastructure Solutions, Underground Utility and Infrastructure Solutions, and Renewable Energy Infrastructure Solutions. The Electric Power segment provides network solutions for customers in the electric power industry. The Underground Utility segment provides infrastructure solutions for the development, transportation, distribution, storage, and processing of natural gas, oil, and other products. The Renewable Energy segment helps to build and maintain wind, solar, and hydropower generation facilities as well as battery storage facilities. With a market cap of $37.5 billion, PWR shares are generally considered large-cap growth.

Automatic Data Processing, based in Roseland, New Jersey, is a leading cloud-based business services company. The firm is focused on Human Capital Management and has two primary segments: Employer Services, which provides payroll services to companies; and Professional Employer Organization Services, which provides employment administration outsourcing services, including HR, benefits management, retirement, and compliance programs. The shares are a component of the S&P 500. The company has 63,000 employees.

U.S. stocks rose on Monday, continuing Friday's rally after a softer-than-expected jobs report. This week, there are no major economic reports and earnings reports are slowing. Oil prices are up due to concerns that a new Israeli invasion of Rafah is looming as well as news that Saudi Aramco will raise its crude oil prices to Asia and Europe next month. The Dow is up 0.1%, and S&P 500 0.6% and the Nasdaq rose 0.8%. Crude oil was trading above $78 per barrel and gold rose $24 to $2333 per ounce.

Innovation may be hard to define but, to borrow from former U.S. Supreme Court Justice Potter Stewart, you know it when you see it. The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles, to a large degree - have moved overseas, where costs are lower. Yet the U.S. economy is at its largest point in history and still growing. If U.S. corporations weren't innovating, creating new products and services, and moving into new markets and applications, the domestic economy would be contracting, not expanding, and capital would not be flooding into the country. Particularly at this juncture of the market and economic cycles, when uncertainty is high due to high inflation and rising interest rates, we look to innovative companies to navigate the challenges. At Argus, a 90-year-old independent research firm that has innovated a time or two in its long history, we have focused on four types of innovative companies: Industry Disruptors; First to Market; New Product Specialists; and Product & Process Perfectors. Here are some examples of companies, featured in our Innovation Theme Model Portfolio.