Is American Century U.S. Quality Growth ETF (QGRO) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2024
0mins
Source: NASDAQ.COM
Overview of American Century U.S. Quality Growth ETF (QGRO): Launched in 2018, QGRO offers investors exposure to the All Cap Growth category, focusing on large and mid-cap U.S. companies with strong growth and quality fundamentals, while maintaining a low expense ratio of 0.29%.
Performance and Comparison: As of September 2024, QGRO has shown a return of approximately 27.20% over the past year, with significant holdings in the Information Technology sector; however, investors may also consider lower-cost alternatives like iShares Morningstar Growth ETF and iShares Core S&P U.S. Growth ETF for similar market exposure.
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Analyst Views on NOW
Wall Street analysts forecast NOW stock price to rise
32 Analyst Rating
30 Buy
2 Hold
0 Sell
Strong Buy
Current: 95.480
Low
172.00
Averages
222.81
High
263.00
Current: 95.480
Low
172.00
Averages
222.81
High
263.00
About NOW
ServiceNow, Inc. provides an artificial intelligence (AI) platform for business transformation. The Company’s AI platform connects people, processes, data, and devices to increase productivity and maximize business outcomes. Its intelligent platform, the Now Platform, is a cloud-based solution that helps enterprises and organizations across public and private sectors digitize workflows. The workflow applications built on the Now Platform are organized into four primary areas: Technology, CRM and Industry, Core Business and Creator. Its products include IT Service Management, IT Operations Management, HR Service Delivery, ServiceNow AI Agents, AI Experience, Build Agent, ServiceNow AI Control Tower, AI Agent Fabric, RaptorDB, Workflow Data Fabric, Workplace Service Delivery, ServiceNow Platform Encryption, Telecommunications Service Operations Management, and others. The Company also offers identity security, helping organizations secure access across the enterprise.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Economic Data Support: Despite the market downturn, US May retail sales rose by 0.9% month-over-month, surpassing expectations of 0.6%, indicating resilient consumer demand, while pending home sales increased by 3.8% month-over-month, marking the largest gain in 20 months, potentially providing some support to the market.
- Fed Policy Outlook: The Fed maintained interest rates at its meeting on Wednesday but indicated through its dot plot that at least one more 25 basis point hike is expected this year, with the 2026 year-end federal funds rate projection raised to 3.75%, reflecting a cautious outlook on future economic conditions.
- International Market Response: While US stocks declined, overseas markets performed strongly, with the Euro Stoxx 50 reaching a new record high and closing up 0.68%, demonstrating global investor confidence in economic recovery, which may contrast with the US market's performance.
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- Nvidia's Sustained Growth: Nvidia is projected to achieve approximately $1 trillion in orders by 2027, with a current P/E ratio of 23 times, and analysts forecast an average annual growth rate of nearly 52% over the next three to five years, reflecting strong optimism about its prospects in the AI sector.
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See More
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See More
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- Weak Housing Data: US May housing starts fell by 15.4% month-over-month to a six-year low of 1.177 million, significantly below the expected 1.430 million, while building permits also declined slightly, reflecting weakness in the real estate market that could negatively impact overall economic growth.
- Oil Price Impact on Sentiment: WTI crude oil prices dropped over 3% to a 3.25-month low due to the US-Iran agreement to reopen the Strait of Hormuz, which has eased inflation expectations; while this provides short-term support for stocks, the long-term effects remain to be seen.
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See More
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- Market Trend Insights: In the latest Motley Fool Scoreboard episode, expert analysts discuss the market dynamics of ServiceNow, providing deep insights into future investment opportunities that help investors navigate potential market changes.
- Investment Opportunity Assessment: The episode emphasizes ServiceNow's critical role in digital transformation, with analysts noting that as demand for cloud services increases, the company is poised for significant growth in the coming years, further solidifying its market position.
- Stock Price Dynamics: As of April 29, 2026, ServiceNow's stock price was NOW+2.07%, reflecting positive market expectations for its future performance, prompting investors to monitor its ongoing results closely.
- Video Content Sharing: The video was published on June 15, 2026, aimed at providing viewers with the latest market analysis and investment advice, fostering a deeper understanding and interest in ServiceNow.
See More
US Stocks Plunge as Tech Sector Weighs Down Market
- Market Weakness: On Wednesday, the S&P 500 Index fell by 1.21%, the Dow Jones Industrial Average dropped by 0.98%, and the Nasdaq 100 Index declined by 0.99%, reflecting market concerns over potential interest rate hikes by the Fed, particularly amid weak performance in technology stocks.
- Economic Data Support: Despite the market downturn, US May retail sales rose by 0.9% month-over-month, surpassing expectations of 0.6%, indicating resilient consumer demand, while pending home sales increased by 3.8% month-over-month, marking the largest gain in 20 months, potentially providing some support to the market.
- Fed Policy Outlook: The Fed maintained interest rates at its meeting on Wednesday but indicated through its dot plot that at least one more 25 basis point hike is expected this year, with the 2026 year-end federal funds rate projection raised to 3.75%, reflecting a cautious outlook on future economic conditions.
- International Market Response: While US stocks declined, overseas markets performed strongly, with the Euro Stoxx 50 reaching a new record high and closing up 0.68%, demonstrating global investor confidence in economic recovery, which may contrast with the US market's performance.
See More
Investment Strategies for Hot Tech Stocks
- IonQ Stock Assessment: IonQ's market cap exceeds $21 billion, and despite a revenue forecast of $260 million to $270 million for 2026, its 77 times sales valuation makes it one of the most expensive stocks on the market, warranting caution from investors.
- Nvidia Growth Potential: Nvidia is expected to secure approximately $1 trillion in orders by 2027, with a current P/E ratio of 23, and analysts project an average growth rate of nearly 52% over the next three years, indicating strong investment appeal.
- ServiceNow's AI Transformation: ServiceNow aims for $30 billion in annual subscription revenue by 2030, currently valued at $105 billion; if it meets its target, its stock may be undervalued at a current P/E of 25, making it worth watching.
- Figma's Market Performance: Figma's revenue growth accelerated to 46% in Q1 2026, and despite an 84% drop in stock price since its IPO, its 139% net revenue retention rate indicates a strong business foundation, suggesting significant future investment return potential.
See More
Analysis of Investment Opportunities in Tech Stocks
- IonQ's High Valuation: IonQ's market cap exceeds $21 billion, and although it raised its 2026 revenue guidance to $260 million to $270 million, its 77 times sales multiple makes it difficult for investors to justify its valuation, indicating a lack of confidence in its future growth.
- Nvidia's Sustained Growth: Nvidia is projected to achieve approximately $1 trillion in orders by 2027, with a current P/E ratio of 23 times, and analysts forecast an average annual growth rate of nearly 52% over the next three to five years, reflecting strong optimism about its prospects in the AI sector.
- ServiceNow's Transformation Opportunity: Despite a 56% decline in ServiceNow's stock price, the company aims to increase its annual subscription revenue target to $30 billion by 2030, suggesting that its pivot towards AI could lead to significant earnings growth, with a current P/E ratio below 25 times, making it an attractive investment opportunity.
- Figma's Recovery Potential: Figma's stock has dropped about 84% since its IPO, but its revenue growth accelerated to 46% in Q1 2026, with a net revenue retention rate of 139%, showcasing its competitive edge in AI tool integration, and with a current P/E ratio of just 8 times, it presents substantial future investment return potential.
See More
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- Dow Hits All-Time High: The Dow Jones Industrial Average rose by 0.64%, reaching a new all-time high, reflecting investor confidence in economic recovery, despite mixed overall market performance indicating divergent views among investors on various sectors.
- Chip Stocks Decline: With Marvell Technology and Intel falling over 9% and 8% respectively, the weakness in chipmakers weighed on the broader market, suggesting that the pressure on tech stocks may impact future investment sentiment.
- Weak Housing Data: U.S. May housing starts fell 15.4% month-over-month to a six-year low of 1.177 million, below expectations of 1.430 million, indicating that the weakness in the housing market could pose challenges to economic growth.
- Oil Prices Plummet: WTI crude oil prices dropped more than 5% to a 3.5-month low due to the U.S.-Iran agreement to reopen the Strait of Hormuz, enhancing expectations for a revival in oil supplies, which may affect the performance of energy stocks.
See More
Mixed US Stock Market with Energy Stocks Under Pressure
- Market Divergence: The S&P 500 Index fell by 0.18% and the Nasdaq 100 Index dropped by 0.83%, while the Dow Jones Industrial Average rose by 0.69% to a new all-time high, indicating a divergence in market performance, particularly as energy stocks are pressured by plunging crude oil prices.
- Weak Housing Data: US May housing starts fell by 15.4% month-over-month to a six-year low of 1.177 million, significantly below the expected 1.430 million, while building permits also declined slightly, reflecting weakness in the real estate market that could negatively impact overall economic growth.
- Oil Price Impact on Sentiment: WTI crude oil prices dropped over 3% to a 3.25-month low due to the US-Iran agreement to reopen the Strait of Hormuz, which has eased inflation expectations; while this provides short-term support for stocks, the long-term effects remain to be seen.
- Fed Meeting Focus: The market is turning its attention to the two-day FOMC meeting, where rates are expected to remain unchanged, but the press conference led by new Chair Kevin Warsh will be crucial, as investors will look for insights on future inflation outlook and policy direction.
See More
ServiceNow Market Trends Analysis
- Market Trend Insights: In the latest Motley Fool Scoreboard episode, expert analysts discuss the market dynamics of ServiceNow, providing deep insights into future investment opportunities that help investors navigate potential market changes.
- Investment Opportunity Assessment: The episode emphasizes ServiceNow's critical role in digital transformation, with analysts noting that as demand for cloud services increases, the company is poised for significant growth in the coming years, further solidifying its market position.
- Stock Price Dynamics: As of April 29, 2026, ServiceNow's stock price was NOW+2.07%, reflecting positive market expectations for its future performance, prompting investors to monitor its ongoing results closely.
- Video Content Sharing: The video was published on June 15, 2026, aimed at providing viewers with the latest market analysis and investment advice, fostering a deeper understanding and interest in ServiceNow.
See More
