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Anna79

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2021-11-19

Very headache [Cry]

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2021-11-15

😉😉

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2021-09-30

[Miser] [Miser] [Miser] [Miser]

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2021-08-17

💰💰

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2021-08-16

😿😿

Fed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote>

2021-08-14

🚀🚀

Palantir: 7 Interesting Things From The Q2 2021 Earnings Call<blockquote>Palantir：2021年第二季度收益看涨期权中的7件有趣的事情</blockquote>

2021-08-14

😱😱

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2021-08-12

🚀

Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote>

2021-08-05

//@Anna79:😅

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2021-08-04

😅

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20:48","market":"us","language":"en","title":"Fed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165935172","media":"The Wall Street Journal","summary":"Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stay","content":"<p>  Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stays high and unemployment falls rapidly.  Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.</p><p><blockquote>如果通胀居高不下、失业率迅速下降，尽快减少债券购买可以为加息提供更大的灵活性。如果经济复苏持续，美联储官员即将同意在大约三个月内开始缩减宽松货币政策，一些官员正在推动在明年年中结束资产购买计划。</blockquote></p><p> In recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.</p><p><blockquote>在最近的采访和公开声明中，一些人主张这一时间表，如果经济在实现其目标方面取得快速进展，这将使他们能够比目前预期的更早加息。</blockquote></p><p> The central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment.</p><p><blockquote>央行去年 12 月表示，将继续保持目前的债券购买速度，直到官员们得出结论，他们在实现平均通胀率 2% 和强劲就业的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> Officials at their July 27-28 meetingdeliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.</p><p><blockquote>官员们在 7 月 27 日至 28 日的会议上讨论了两个重要问题：何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些资产。美联储将于周三公布会议纪要，这可能会提供有关这些讨论的进一步线索。</blockquote></p><p> The answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022.</p><p><blockquote>这些答案对金融市场很重要，因为美联储官员表示，他们宁愿在考虑何时从接近于零的利率上调之前结束债券购买计划。在 6 月 15 日至 16 日的政策会议上，18 名美联储官员中有 13 名预计将在 2023 年底前加息；预计到 2022 年底将有 7 家这样做。</blockquote></p><p> Fed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.”</p><p><blockquote>美联储主席杰罗姆-鲍威尔（Jerome Powell）在 7 月 28 日的新闻发布会上表示，美联储 “距离考虑加息还有一段路要走。这不是我们现在考虑的事情”。</blockquote></p><p> A recent run ofstrong hiring reportshave strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November.</p><p><blockquote>最近一系列强劲的招聘报告加强了美联储在 9 月 21 日至 22 日的下次会议上宣布打算开始缩减规模的理由，可能最早在 11 月的下次会议上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6fcf5a9a0b2244055076f521102b5b4a\" tg-width=\"317\" tg-height=\"412\" width=\"100%\" height=\"auto\">“I do expect we are going to be at the point where we’ve seen substantial further progress…probably later this year,” said Chicago Fed President Charles Evans in avirtual roundtable with reporterslast week.</p><p><blockquote>“芝加哥联储主席查尔斯-埃文斯（Charles Evans）上周在与记者的虚拟圆桌会议上说：”我确实预计，我们将看到实质性的进一步进展.可能在今年晚些时候。</blockquote></p><p> Boston Fed President Eric Rosengren said in an interview he expected to see by the Sept. 21-22 meeting enough job growth to meet the criteria for reducing bond purchases. “That would set up some time this fall a possible tapering that is dependent on the Delta variant and other variants not slowing down the labor market substantially,” he said in an interview last week. Mr. Rosengren said he hopes that if strong economic growth continues, “we’re done with the tapering program…towards the middle of next year.”</p><p><blockquote>波士顿联储主席埃里克·罗森格伦在接受采访时表示，他预计到 9 月 21 日至 22 日将看到足够的就业增长，以满足减少债券购买的标准。“他在上周接受采访时说：”这将为今年秋季某个时候可能的缩减开工奠定基础，这取决于德尔塔变异毒株和其他不会大幅减缓劳动力市场的变数。罗森格伦先生说，他希望如果经济继续强劲增长，“我们将在明年年中完成缩减计划”。</blockquote></p><p> The Fed wound down its previous bond-buying program very gradually, reducing its purchases over the course of 10 months. But in December 2013, when it announced that it would soon start that process, the economy was weaker, with higher unemployment and low inflation.</p><p><blockquote>美联储非常逐步地结束了之前的债券购买计划，在 10 个月内减少了购买量。但在2013年12月，当它宣布将很快启动这一进程时，经济更加疲软，失业率更高，通货膨胀率更低。</blockquote></p><p> Officials had another reason for caution back then because they were stunned by a surge in long-term Treasury yields, dubbed the “taper tantrum,” that occurred in the middle of 2013, after then-Chair Ben Bernanke suggested they might soon reduce their asset purchases.</p><p><blockquote>当时的官员们还有另一个谨慎的理由，因为他们对 2013 年年中发生的长期国债收益率飙升感到震惊，当时时任主席本-伯南克（Ben Bernanke）暗示他们可能很快就会减少资产购买。</blockquote></p><p> The Fed now finds itself in a very different position. The economy is growing rapidly. Unemployment is much lower, at 5.4% in July.Inflation is much hotter. And bond yields have tumbled this year even as the central bank has discussed plans to reduce bond purchases.</p><p><blockquote>美联储现在发现自己处于一个非常不同的位置。经济正在快速增长。失业率要低得多，7 月份为 5.4%。通货膨胀要高得多。尽管央行讨论了减少债券购买的计划，但今年债券收益率仍大幅下降。</blockquote></p><p> The asset purchases aim to stimulate the economy by holding down long-term interest rates to spur borrowing and spending. Mr. Rosengren pointed to recentsurges in home pricesas evidence that the program may be nearing a point of diminishing returns. “If you can’t get housing materials and you can’t get construction workers to come back on site, but we do increase demand for housing, then it doesn’t do much for our employment mandate—but it does increase housing prices more than it otherwise would,” he said.</p><p><blockquote>资产购买旨在通过压低长期利率来刺激借贷和支出来刺激经济。罗森格伦指出，最近房价飙升证明该计划可能正接近回报递减的临界点。“他说：”如果你得不到住房材料，也得不到建筑工人重返工地，但我们确实增加了住房需求，那么这对我们的就业任务并没有多大帮助，但它确实比其他情况下提高了房价。</blockquote></p><p> Dallas Fed President Robert Kaplan agreed. “These purchases are very well designed to stimulate demand, but we don’t have a demand problem,” he said in an interview. “In the aftermath of the Great Recession, we did. So I don’t want to use the playbook from 2009 to 2013.”</p><p><blockquote>达拉斯联储主席罗伯特·卡普兰对此表示同意。“他在接受采访时说：”这些采购旨在刺激需求，但我们没有需求问题。“在大衰退之后，我们做到了。因此，我不想沿用 2009 年至 2013 年的剧本。”</blockquote></p><p> Some other officials have argued for more patience. Fed governor Lael Brainard indicated last month she wanted to see September hiring data, which won’t be available until early October, before deciding. That would hold off any tapering until no sooner than the Fed’s Nov. 2-3 meeting.</p><p><blockquote>其他一些官员主张更有耐心。美联储理事莱尔-布雷纳德（Lael Brainard）上个月表示，她希望看到9月份的招聘数据，而9月份的招聘数据要到10月初才能公布，然后再做决定。这将使任何缩减规模都推迟到美联储 11 月 2 日至 3 日的会议。</blockquote></p><p> San Francisco Fed President Mary Daly said in an interview last week she thinks the economy should support “beginning to taper later this year, or maybe next.” Labor markets are “really strong—getting stronger,” she said.</p><p><blockquote>旧金山联储主席玛丽-戴利（Mary Daly）上周在接受采访时表示，她认为经济应该支持 “今年晚些时候，或者明年开始缩减规模”。她说，劳动力市场 “非常强劲，而且越来越强劲”。</blockquote></p><p></p><p> Ms. Daly said it was too soon to say how the Fed should reduce the purchases. “Those things haven’t been decided,” she said.</p><p><blockquote>戴利表示，现在说美联储应该如何减少购买量还为时过早。“她说：”这些事情还没有决定。</blockquote></p><p> Likewise, Mr. Evans didn’t say how soon he thought the Fed would need to wind down its purchases. He expects inflation to fall back to 2% by the end of next year, which would argue for less urgency to withdraw monetary stimulus.</p><p><blockquote>同样，埃文斯先生也没有透露他认为美联储需要多久结束购买。他预计明年年底通胀率将回落至2%，这将证明撤回货币刺激的紧迫性有所降低。</blockquote></p><p> “My own outlook is, we’re gonna be more challenged in getting inflation to confidently stay up in the 2% or 2.1% or 2.2%” range, he said. “If others had more confidence that inflation was going to be higher on a sustainable basis, then that…quicker tapering could be the right path.”</p><p><blockquote>“他说：”我自己的展望是，我们将面临更大的挑战，要让通胀率自信地保持在 2%、2.1% 或 2.2% 的范围内。“如果其他人对通胀率会在可持续的基础上走高更有信心，那么.更快地缩减通胀率可能是正确的道路”。</blockquote></p><p> Fed officials have yet to decidewhether to reduce their purchasesof Treasurys and mortgage-backed securities at the same pace.</p><p><blockquote>美联储官员尚未决定是否以同样的速度减少对美国国债和抵押贷款支持证券的购买。</blockquote></p><p> Mr. Rosengren said he would prefer to reduce them monthly by equal quantities. Because the Fed is buying twice as many Treasurys as mortgage-backed securities, that would result in mortgage-bond purchases ending in half the time as Treasury purchases.</p><p><blockquote>罗森格伦先生说，他更愿意每月减少等量的数量。由于美联储购买的国债数量是抵押贷款支持证券的两倍，这将导致抵押贷款债券购买的结束时间是国债购买的一半。</blockquote></p><p> Mr. Kaplan said he favors reducing the purchases of both types of bonds over the course of eight months, or by $10 billion for Treasurys and $5 billion for mortgage-backed securities a month. “That strikes me as the most prudent course: start soon, and go gradually, and for me, gradually means eight months,” he said.</p><p><blockquote>卡普兰表示，他赞成在八个月内减少购买这两种债券，即每月减少购买100亿美元的国债和50亿美元的抵押贷款支持证券。“他说：”在我看来，这是最谨慎的做法：尽快开始，循序渐进，对我来说，循序渐进意味着八个月。</blockquote></p><p> St. Louis Fed President James Bullard said he wants to start paring assets in October and conclude the program by March, reducing the purchases of Treasurys by $20 billion a month and mortgage bonds by $10 billion a month. Fed governor Christopher Waller has outlined a similar preference.</p><p><blockquote>圣路易斯联储主席詹姆斯·布拉德表示，他希望从10月份开始削减资产，并在3月份结束该计划，每月减少200亿美元的国债购买，每月减少100亿美元的抵押贷款债券购买。美联储理事克里斯托弗·沃勒也概述了类似的偏好。</blockquote></p><p> Even though “that would be a fairly rapid pullout of the asset-purchase program,” Mr. Bullard said in an interview last week that he thought it would give the Fed more flexibility to determine whether to raise rates later next year. “I don’t want to have to move too rapidly [to raise rates] because it can be very disruptive, so I think that the pace I’m suggesting would give us a lot more optionality in 2022 if we needed to use it.”</p><p><blockquote>尽管 “这将是资产购买计划相当迅速的退出”，但布拉德先生在上周接受采访时表示，他认为这将使美联储有更大的灵活性来决定是否在明年晚些时候加息。“我不想采取太快的行动（提高利率），因为这可能会造成很大的破坏性，所以我认为，如果我们需要在 2022 年使用它，我建议的速度会给我们更多的选择。”</blockquote></p><p> Mr. Kaplan said by reducing asset purchases sooner, the Fed might be able to wait longer before it has to raise interest rates. “By getting a more appropriate stance of monetary policy now or soon, it might actually allow you to be more flexible and be more patient on how you adjust the federal-funds rate down the road,” he said.</p><p><blockquote>卡普兰表示，通过尽快减少资产购买，美联储可能能够在不得不加息之前等待更长时间。“他说：”通过现在或不久采取更合适的货币政策立场，实际上可能会让你在今后如何调整联邦基金利率方面更加灵活和耐心。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-08-16 20:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stays high and unemployment falls rapidly.  Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.</p><p><blockquote>如果通胀居高不下、失业率迅速下降，尽快减少债券购买可以为加息提供更大的灵活性。如果经济复苏持续，美联储官员即将同意在大约三个月内开始缩减宽松货币政策，一些官员正在推动在明年年中结束资产购买计划。</blockquote></p><p> In recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.</p><p><blockquote>在最近的采访和公开声明中，一些人主张这一时间表，如果经济在实现其目标方面取得快速进展，这将使他们能够比目前预期的更早加息。</blockquote></p><p> The central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment.</p><p><blockquote>央行去年 12 月表示，将继续保持目前的债券购买速度，直到官员们得出结论，他们在实现平均通胀率 2% 和强劲就业的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> Officials at their July 27-28 meetingdeliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.</p><p><blockquote>官员们在 7 月 27 日至 28 日的会议上讨论了两个重要问题：何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些资产。美联储将于周三公布会议纪要，这可能会提供有关这些讨论的进一步线索。</blockquote></p><p> The answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022.</p><p><blockquote>这些答案对金融市场很重要，因为美联储官员表示，他们宁愿在考虑何时从接近于零的利率上调之前结束债券购买计划。在 6 月 15 日至 16 日的政策会议上，18 名美联储官员中有 13 名预计将在 2023 年底前加息；预计到 2022 年底将有 7 家这样做。</blockquote></p><p> Fed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.”</p><p><blockquote>美联储主席杰罗姆-鲍威尔（Jerome Powell）在 7 月 28 日的新闻发布会上表示，美联储 “距离考虑加息还有一段路要走。这不是我们现在考虑的事情”。</blockquote></p><p> A recent run ofstrong hiring reportshave strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November.</p><p><blockquote>最近一系列强劲的招聘报告加强了美联储在 9 月 21 日至 22 日的下次会议上宣布打算开始缩减规模的理由，可能最早在 11 月的下次会议上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6fcf5a9a0b2244055076f521102b5b4a\" tg-width=\"317\" tg-height=\"412\" width=\"100%\" height=\"auto\">“I do expect we are going to be at the point where we’ve seen substantial further progress…probably later this year,” said Chicago Fed President Charles Evans in avirtual roundtable with reporterslast week.</p><p><blockquote>“芝加哥联储主席查尔斯-埃文斯（Charles Evans）上周在与记者的虚拟圆桌会议上说：”我确实预计，我们将看到实质性的进一步进展.可能在今年晚些时候。</blockquote></p><p> Boston Fed President Eric Rosengren said in an interview he expected to see by the Sept. 21-22 meeting enough job growth to meet the criteria for reducing bond purchases. “That would set up some time this fall a possible tapering that is dependent on the Delta variant and other variants not slowing down the labor market substantially,” he said in an interview last week. Mr. Rosengren said he hopes that if strong economic growth continues, “we’re done with the tapering program…towards the middle of next year.”</p><p><blockquote>波士顿联储主席埃里克·罗森格伦在接受采访时表示，他预计到 9 月 21 日至 22 日将看到足够的就业增长，以满足减少债券购买的标准。“他在上周接受采访时说：”这将为今年秋季某个时候可能的缩减开工奠定基础，这取决于德尔塔变异毒株和其他不会大幅减缓劳动力市场的变数。罗森格伦先生说，他希望如果经济继续强劲增长，“我们将在明年年中完成缩减计划”。</blockquote></p><p> The Fed wound down its previous bond-buying program very gradually, reducing its purchases over the course of 10 months. But in December 2013, when it announced that it would soon start that process, the economy was weaker, with higher unemployment and low inflation.</p><p><blockquote>美联储非常逐步地结束了之前的债券购买计划，在 10 个月内减少了购买量。但在2013年12月，当它宣布将很快启动这一进程时，经济更加疲软，失业率更高，通货膨胀率更低。</blockquote></p><p> Officials had another reason for caution back then because they were stunned by a surge in long-term Treasury yields, dubbed the “taper tantrum,” that occurred in the middle of 2013, after then-Chair Ben Bernanke suggested they might soon reduce their asset purchases.</p><p><blockquote>当时的官员们还有另一个谨慎的理由，因为他们对 2013 年年中发生的长期国债收益率飙升感到震惊，当时时任主席本-伯南克（Ben Bernanke）暗示他们可能很快就会减少资产购买。</blockquote></p><p> The Fed now finds itself in a very different position. The economy is growing rapidly. Unemployment is much lower, at 5.4% in July.Inflation is much hotter. And bond yields have tumbled this year even as the central bank has discussed plans to reduce bond purchases.</p><p><blockquote>美联储现在发现自己处于一个非常不同的位置。经济正在快速增长。失业率要低得多，7 月份为 5.4%。通货膨胀要高得多。尽管央行讨论了减少债券购买的计划，但今年债券收益率仍大幅下降。</blockquote></p><p> The asset purchases aim to stimulate the economy by holding down long-term interest rates to spur borrowing and spending. Mr. Rosengren pointed to recentsurges in home pricesas evidence that the program may be nearing a point of diminishing returns. “If you can’t get housing materials and you can’t get construction workers to come back on site, but we do increase demand for housing, then it doesn’t do much for our employment mandate—but it does increase housing prices more than it otherwise would,” he said.</p><p><blockquote>资产购买旨在通过压低长期利率来刺激借贷和支出来刺激经济。罗森格伦指出，最近房价飙升证明该计划可能正接近回报递减的临界点。“他说：”如果你得不到住房材料，也得不到建筑工人重返工地，但我们确实增加了住房需求，那么这对我们的就业任务并没有多大帮助，但它确实比其他情况下提高了房价。</blockquote></p><p> Dallas Fed President Robert Kaplan agreed. “These purchases are very well designed to stimulate demand, but we don’t have a demand problem,” he said in an interview. “In the aftermath of the Great Recession, we did. So I don’t want to use the playbook from 2009 to 2013.”</p><p><blockquote>达拉斯联储主席罗伯特·卡普兰对此表示同意。“他在接受采访时说：”这些采购旨在刺激需求，但我们没有需求问题。“在大衰退之后，我们做到了。因此，我不想沿用 2009 年至 2013 年的剧本。”</blockquote></p><p> Some other officials have argued for more patience. Fed governor Lael Brainard indicated last month she wanted to see September hiring data, which won’t be available until early October, before deciding. That would hold off any tapering until no sooner than the Fed’s Nov. 2-3 meeting.</p><p><blockquote>其他一些官员主张更有耐心。美联储理事莱尔-布雷纳德（Lael Brainard）上个月表示，她希望看到9月份的招聘数据，而9月份的招聘数据要到10月初才能公布，然后再做决定。这将使任何缩减规模都推迟到美联储 11 月 2 日至 3 日的会议。</blockquote></p><p> San Francisco Fed President Mary Daly said in an interview last week she thinks the economy should support “beginning to taper later this year, or maybe next.” Labor markets are “really strong—getting stronger,” she said.</p><p><blockquote>旧金山联储主席玛丽-戴利（Mary Daly）上周在接受采访时表示，她认为经济应该支持 “今年晚些时候，或者明年开始缩减规模”。她说，劳动力市场 “非常强劲，而且越来越强劲”。</blockquote></p><p></p><p> Ms. Daly said it was too soon to say how the Fed should reduce the purchases. “Those things haven’t been decided,” she said.</p><p><blockquote>戴利表示，现在说美联储应该如何减少购买量还为时过早。“她说：”这些事情还没有决定。</blockquote></p><p> Likewise, Mr. Evans didn’t say how soon he thought the Fed would need to wind down its purchases. He expects inflation to fall back to 2% by the end of next year, which would argue for less urgency to withdraw monetary stimulus.</p><p><blockquote>同样，埃文斯先生也没有透露他认为美联储需要多久结束购买。他预计明年年底通胀率将回落至2%，这将证明撤回货币刺激的紧迫性有所降低。</blockquote></p><p> “My own outlook is, we’re gonna be more challenged in getting inflation to confidently stay up in the 2% or 2.1% or 2.2%” range, he said. “If others had more confidence that inflation was going to be higher on a sustainable basis, then that…quicker tapering could be the right path.”</p><p><blockquote>“他说：”我自己的展望是，我们将面临更大的挑战，要让通胀率自信地保持在 2%、2.1% 或 2.2% 的范围内。“如果其他人对通胀率会在可持续的基础上走高更有信心，那么.更快地缩减通胀率可能是正确的道路”。</blockquote></p><p> Fed officials have yet to decidewhether to reduce their purchasesof Treasurys and mortgage-backed securities at the same pace.</p><p><blockquote>美联储官员尚未决定是否以同样的速度减少对美国国债和抵押贷款支持证券的购买。</blockquote></p><p> Mr. Rosengren said he would prefer to reduce them monthly by equal quantities. Because the Fed is buying twice as many Treasurys as mortgage-backed securities, that would result in mortgage-bond purchases ending in half the time as Treasury purchases.</p><p><blockquote>罗森格伦先生说，他更愿意每月减少等量的数量。由于美联储购买的国债数量是抵押贷款支持证券的两倍，这将导致抵押贷款债券购买的结束时间是国债购买的一半。</blockquote></p><p> Mr. Kaplan said he favors reducing the purchases of both types of bonds over the course of eight months, or by $10 billion for Treasurys and $5 billion for mortgage-backed securities a month. “That strikes me as the most prudent course: start soon, and go gradually, and for me, gradually means eight months,” he said.</p><p><blockquote>卡普兰表示，他赞成在八个月内减少购买这两种债券，即每月减少购买100亿美元的国债和50亿美元的抵押贷款支持证券。“他说：”在我看来，这是最谨慎的做法：尽快开始，循序渐进，对我来说，循序渐进意味着八个月。</blockquote></p><p> St. Louis Fed President James Bullard said he wants to start paring assets in October and conclude the program by March, reducing the purchases of Treasurys by $20 billion a month and mortgage bonds by $10 billion a month. Fed governor Christopher Waller has outlined a similar preference.</p><p><blockquote>圣路易斯联储主席詹姆斯·布拉德表示，他希望从10月份开始削减资产，并在3月份结束该计划，每月减少200亿美元的国债购买，每月减少100亿美元的抵押贷款债券购买。美联储理事克里斯托弗·沃勒也概述了类似的偏好。</blockquote></p><p> Even though “that would be a fairly rapid pullout of the asset-purchase program,” Mr. Bullard said in an interview last week that he thought it would give the Fed more flexibility to determine whether to raise rates later next year. “I don’t want to have to move too rapidly [to raise rates] because it can be very disruptive, so I think that the pace I’m suggesting would give us a lot more optionality in 2022 if we needed to use it.”</p><p><blockquote>尽管 “这将是资产购买计划相当迅速的退出”，但布拉德先生在上周接受采访时表示，他认为这将使美联储有更大的灵活性来决定是否在明年晚些时候加息。“我不想采取太快的行动（提高利率），因为这可能会造成很大的破坏性，所以我认为，如果我们需要在 2022 年使用它，我建议的速度会给我们更多的选择。”</blockquote></p><p> Mr. Kaplan said by reducing asset purchases sooner, the Fed might be able to wait longer before it has to raise interest rates. “By getting a more appropriate stance of monetary policy now or soon, it might actually allow you to be more flexible and be more patient on how you adjust the federal-funds rate down the road,” he said.</p><p><blockquote>卡普兰表示，通过尽快减少资产购买，美联储可能能够在不得不加息之前等待更长时间。“他说：”通过现在或不久采取更合适的货币政策立场，实际上可能会让你在今后如何调整联邦基金利率方面更加灵活和耐心。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/fed-officials-weigh-ending-asset-purchases-by-mid-2022-11629106200\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.wsj.com/articles/fed-officials-weigh-ending-asset-purchases-by-mid-2022-11629106200","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165935172","content_text":"Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stays high and unemployment falls rapidly.\n\nFederal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.\nIn recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.\nThe central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment.\nOfficials at their July 27-28 meetingdeliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.\nThe answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022.\nFed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.”\nA recent run ofstrong hiring reportshave strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November.\n“I do expect we are going to be at the point where we’ve seen substantial further progress…probably later this year,” said Chicago Fed President Charles Evans in avirtual roundtable with reporterslast week.\nBoston Fed President Eric Rosengren said in an interview he expected to see by the Sept. 21-22 meeting enough job growth to meet the criteria for reducing bond purchases. “That would set up some time this fall a possible tapering that is dependent on the Delta variant and other variants not slowing down the labor market substantially,” he said in an interview last week. Mr. Rosengren said he hopes that if strong economic growth continues, “we’re done with the tapering program…towards the middle of next year.”\nThe Fed wound down its previous bond-buying program very gradually, reducing its purchases over the course of 10 months. But in December 2013, when it announced that it would soon start that process, the economy was weaker, with higher unemployment and low inflation.\nOfficials had another reason for caution back then because they were stunned by a surge in long-term Treasury yields, dubbed the “taper tantrum,” that occurred in the middle of 2013, after then-Chair Ben Bernanke suggested they might soon reduce their asset purchases.\nThe Fed now finds itself in a very different position. The economy is growing rapidly. Unemployment is much lower, at 5.4% in July.Inflation is much hotter. And bond yields have tumbled this year even as the central bank has discussed plans to reduce bond purchases.\nThe asset purchases aim to stimulate the economy by holding down long-term interest rates to spur borrowing and spending. Mr. Rosengren pointed to recentsurges in home pricesas evidence that the program may be nearing a point of diminishing returns. “If you can’t get housing materials and you can’t get construction workers to come back on site, but we do increase demand for housing, then it doesn’t do much for our employment mandate—but it does increase housing prices more than it otherwise would,” he said.\nDallas Fed President Robert Kaplan agreed. “These purchases are very well designed to stimulate demand, but we don’t have a demand problem,” he said in an interview. “In the aftermath of the Great Recession, we did. So I don’t want to use the playbook from 2009 to 2013.”\nSome other officials have argued for more patience. Fed governor Lael Brainard indicated last month she wanted to see September hiring data, which won’t be available until early October, before deciding. That would hold off any tapering until no sooner than the Fed’s Nov. 2-3 meeting.\nSan Francisco Fed President Mary Daly said in an interview last week she thinks the economy should support “beginning to taper later this year, or maybe next.” Labor markets are “really strong—getting stronger,” she said.\nMs. Daly said it was too soon to say how the Fed should reduce the purchases. “Those things haven’t been decided,” she said.\nLikewise, Mr. Evans didn’t say how soon he thought the Fed would need to wind down its purchases. He expects inflation to fall back to 2% by the end of next year, which would argue for less urgency to withdraw monetary stimulus.\n“My own outlook is, we’re gonna be more challenged in getting inflation to confidently stay up in the 2% or 2.1% or 2.2%” range, he said. “If others had more confidence that inflation was going to be higher on a sustainable basis, then that…quicker tapering could be the right path.”\nFed officials have yet to decidewhether to reduce their purchasesof Treasurys and mortgage-backed securities at the same pace.\nMr. Rosengren said he would prefer to reduce them monthly by equal quantities. Because the Fed is buying twice as many Treasurys as mortgage-backed securities, that would result in mortgage-bond purchases ending in half the time as Treasury purchases.\nMr. Kaplan said he favors reducing the purchases of both types of bonds over the course of eight months, or by $10 billion for Treasurys and $5 billion for mortgage-backed securities a month. “That strikes me as the most prudent course: start soon, and go gradually, and for me, gradually means eight months,” he said.\nSt. Louis Fed President James Bullard said he wants to start paring assets in October and conclude the program by March, reducing the purchases of Treasurys by $20 billion a month and mortgage bonds by $10 billion a month. Fed governor Christopher Waller has outlined a similar preference.\nEven though “that would be a fairly rapid pullout of the asset-purchase program,” Mr. Bullard said in an interview last week that he thought it would give the Fed more flexibility to determine whether to raise rates later next year. “I don’t want to have to move too rapidly [to raise rates] because it can be very disruptive, so I think that the pace I’m suggesting would give us a lot more optionality in 2022 if we needed to use it.”\nMr. Kaplan said by reducing asset purchases sooner, the Fed might be able to wait longer before it has to raise interest rates. “By getting a more appropriate stance of monetary policy now or soon, it might actually allow you to be more flexible and be more patient on how you adjust the federal-funds rate down the road,” he said.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897249587,"gmtCreate":1628929112249,"gmtModify":1633688423153,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"🚀🚀","listText":"🚀🚀","text":"🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897249587","repostId":"1196882604","repostType":4,"repost":{"id":"1196882604","kind":"news","pubTimestamp":1628898125,"share":"https://www.laohu8.com/m/news/1196882604?lang=zh_CN&edition=full","pubTime":"2021-08-14 07:42","market":"us","language":"en","title":"Palantir: 7 Interesting Things From The Q2 2021 Earnings Call<blockquote>Palantir：2021年第二季度收益看涨期权中的7件有趣的事情</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196882604","media":"seekingalpha","summary":"Summary\n\nFirst, I briefly review the big news and highlights from PLTR's Q2 2021 business update.\nSe","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>First, I briefly review the big news and highlights from PLTR's Q2 2021 business update.</li>  <li>Second, I cover some of the details that are less well-known, including comments made by leadership on the earnings call.</li>  <li>Third, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared.</li>  <li>Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/028b3e3b1d2c99f3ee26f213c2fc069f\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"><span>zirconicusso/iStock via Getty Images</span></p><p><blockquote><ul><li>首先，我简要回顾一下 PLTR 2021 年第二季度业务更新中的重大新闻和亮点。</li><li>其次，我涵盖了一些不太为人所知的细节，包括领导层对盈利看涨期权的评论。</li><li>第三，深入探讨亚历克斯·卡普薪酬的一些重要细节，包括他的内幕交易活动；领导层已经准备好了应对措施。</li><li>最后，我查看了我关注的几个指标，包括股票薪酬、贡献利润率和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock via Getty Images</span></p></blockquote></p><p> It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth and&nbsp;increased cash flow outlook.</p><p><blockquote>您可能已经听说过 Palantir (PLTR) 刚刚公布 2021 年第二季度业绩强劲的消息。我确信会有大量的实证结果报道，包括巨大的增长和现金流前景的增加。</blockquote></p><p> Here, I'll just highlight those numbers then I'll turn to a few things that came up directly on the earnings call that surprised me.</p><p><blockquote>在这里，我将只强调这些数字，然后我将转向一些直接出现在收益看涨期权上的事情，这让我感到惊讶。</blockquote></p><p> First, revenue was up 49%, beating the estimates. it's notable that commercial revenue was up an eye-popping 90%, because it's an area that bears have complained about. This mostly squashes the idea that PLTR is only driven by secret government contracts.</p><p><blockquote>首先，收入增长 49%，超出预期。值得注意的是，商业收入增长了 90%，令人瞠目结舌，因为这是空头抱怨的一个领域。这在很大程度上消除了PLTR仅由秘密政府合同驱动的想法。</blockquote></p><p> Second, PLTR closed a ton of deals in Q2. Specifically, they scored 62 deals worth $1 million or more. I like this view:</p><p><blockquote>其次，PLTR 在第二季度完成了大量交易。具体来说，他们达成了62笔价值100万美元或以上的交易。我喜欢这个观点：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37ecc00151018d803161b75c01bb4571\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"><span>Source:Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> Of course, the YoY remaining deal value is interesting but I like the blunt look into the deal size, with&nbsp;<i>30 deals over $5 million and 21 deals over $10 million</i>, because it indicates an ever-spreading reach of customers. That's exactly what's required to drive long-term revenue growth, but also stability.</p><p><blockquote>当然，同比剩余交易价值很有趣，但我喜欢直截了当地看待交易规模，<i>30 笔交易超过 500 万美元，21 笔交易超过 1000 万美元</i>，因为它表明客户的范围不断扩大。这正是推动长期收入增长和稳定性所需要的。</blockquote></p><p> Third, it's looking like Q3 is going to work out fairly well. Sales are projected to be about $5 million great than consensus. And, as I've already mentioned, PLTR raised its free cash flow outlook. To be clear, the jump is rather big, going from greater than $150 million to now greater than $300 million.</p><p><blockquote>第三，第三季度看起来会相当不错。预计销售额将比市场预期高出约 500 万美元。而且，正如我已经提到的，PLTR 上调了自由现金流前景。需要明确的是，这一跃升相当大，从超过 1.5 亿美元增加到现在的超过 3 亿美元。</blockquote></p><p> I didn't see or hear much about changes in annual revenue growth, but one thing is crystal clear -<i>I do not expect growth to slow down</i>. And, per the presentation and earnings call, growth is expected at 30% or more this year, and then through 2025.</p><p><blockquote>我没有看到或听到太多关于年收入增长的变化，但有一点非常清楚——<i>我预计增长不会放缓</i>根据演示文稿和盈利看涨期权，预计今年乃至 2025 年的增长率将达到 30% 或更高。</blockquote></p><p> Interestingly, revenue grew by 49% in Q1 YoY, generating $341 between government and commercial. And now, in Q2, revenue grew by 49% YoY to $376 million. That's two quarters in a row at 49%. It's for this reason that I stick by&nbsp;what I previously wrote about PLTR sandbagging:</p><p><blockquote>有趣的是，第一季度收入同比增长 49%，政府和商业收入为 341 美元。现在，第二季度收入同比增长 49%，达到 3.76 亿美元。这是连续两个季度的 49%。正是因为这个原因，我坚持我之前写的关于PLTR沙袋的内容：</blockquote></p><p>   In other words, when we start with $800 million for 2021, it's pretty obvious that the 30% growth doesn't cut it. We cannot reach $4 billion by 2025 with \"only\" 30% growth. PLTR is perhapss&nbsp;andbagging&nbsp;to keep expectations lower. It's hard to know for sure. It could also be that they expect faster growth in 2022 through 2025.  I'll have to dive in deeper in a future article to see exactly how current and future growth projections line up against the hard numbers that have come in. For now, my point is simply that they've set the bar at a reasonable albeit conservative level and seeing beats like this is not too shocking, but also encouraging.<i>They're managing Wall Street and the analysts fairly well.</i></p><p><blockquote>换句话说，当我们从2021年的8亿美元开始时，很明显30%的增长不会削减它。到 2025 年，我们“仅”增长 30%，就无法达到 40 亿美元。PLTR 可能是为了降低预期。很难确定。他们也可能预计 2022 年至 2025 年将实现更快的增长。我将不得不在未来的文章中更深入地了解当前和未来的增长预测如何与已经到来的硬数据相一致。现在，我的观点很简单，他们已经把标准设定在了一个合理的保守水平，看到这样的节拍不会太令人震惊，但也令人鼓舞。<i>他们对华尔街和分析师的管理相当好。</i></blockquote></p><p> Fourth, in addition to new customer acquisition, the revenue dollar value for PLTR's top 20 customers continues to march upward.</p><p><blockquote>第四，除了新客户的获取，PLTR前20名客户的收入美元价值继续上升。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fba540de7f84e50e602dc943d5e985f\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> If it's not completely obvious, this is worth watching since it gives us some confidence that<i>customers are happy and they are sticking</i>. It's not a perfect indicator, but it's still pretty good since unhappy customers aren't going to keep paying PLTR, over and over. Other companies have a tendency to either focus too much on milking current \"cash cow\" customers or getting hyper aggressive about new customers. In the Q2 2021 update, we're seeing a great flow of new customers and then this indicator of growing long-term customer value. It's a delicate but critical balance. I'll continue to watch this in Q3.</p><p><blockquote>如果不是很明显，这是值得一看的，因为它给了我们一些信心<i>顾客很满意，他们会坚持</i>.这不是一个完美的指标，但它仍然相当不错，因为不满意的客户不会一遍又一遍地向 PLTR 付款。其他公司往往要么过于关注现有的“摇钱树”客户，要么对新客户过于咄咄逼人。在2021年第二季度的更新中，我们看到了大量的新客户，然后是长期客户价值增长的指标。这是一个微妙但至关重要的平衡。我会在第三季度继续关注这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在Q1，我们听说了“零日”客户。这里有一个味道：</blockquote></p><p></p><p>   We are seeing opportunities for companies to build their digital infrastructure around foundry from day zero, where they can shave years off their ramps and mountains of risk off their roadmaps by cost efficiently standing on the shoulders of 15 years and more than $2 billion of R&amp;D. And we see this as the first salvo in expanding distribution of foundry to broader markets and a broader set of customers.  In Q2, PLTR leadership continued to push this theme, highlighting Roivant, Celularity and Wejo, for example. The idea is to get these companies using Foundry while they are just getting started, or otherwise very small. They're treating Foundry as the \"operating system\" of these businesses.</p><p><blockquote>我们看到了企业从一开始就围绕foundry构建数字基础设施的机会，他们可以通过承担15年和超过20亿美元的R&amp;D成本来节省数年的坡道和路线图上的堆积如山的风险。我们认为这是将 foundry 分销扩展到更广泛的市场和更广泛的客户群体的第一次突破。在第二季度，PLTR领导层继续推动这一主题，重点介绍了Roivant、Celularity和Wejo等。这个想法是让这些公司在刚刚起步或规模很小的时候就使用Foundry。他们将铸造厂视为这些企业的“操作系统”。</blockquote></p><p> Supporting this thrust,<i>PLTR added another 60 sales hires</i>. If I recall correctly, they hired about 50 sales people in Q1, so they are steadily adding headcount in sales and marketing, without going gangbusters. That said, their pipeline is accelerating, with active commercial pilots up 26% since the end of April.</p><p><blockquote>支撑这个推力，<i>PLTR 又增加了 60 名销售人员</i>.如果我没记错的话，他们在第一季度雇佣了大约 50 名销售人员，因此他们正在稳步增加销售和市场营销人员，而没有大张旗鼓。也就是说，他们的管道正在加速发展，自 4 月底以来，活跃的商业试点数量增加了 26%。</blockquote></p><p> Sixth, I heard leadership quickly say that they have paid off what they owed, and that<i>PLTR is now debt free</i>. In a future article, I'll have to do a deeper dive, but I wanted to report it here since I have an affinity for extremely strong balance sheets. It's possible I didn't understand the comment on the call, but I'm pretty sure that I've got it right. I reviewed the Q2 2021 business presentation but didn't see any notes on this so I'll have to revisit this at a later point. But again, I think I've got it right, and it's great news.</p><p><blockquote>第六，我听到领导很快说，他们已经还清了所欠的钱，而且<i>PLTR 现已无债务</i>.在以后的文章中，我将不得不进行更深入的探讨，但我想在这里报告它，因为我对极其强劲的资产负债表情有独钟。我可能不明白看涨期权上的评论，但我很确定我是对的。我查看了2021年第二季度的业务演示，但没有看到任何关于这一点的注释，所以我将不得不在以后重新审视这一点。但话说回来，我想我猜对了，这是个好消息。</blockquote></p><p> Lastly, there was a question about Alex Karp's executive compensation, and specifically about the relentless insider selling. Before I get to that, here's some quick background&nbsp;reported by CNBC back in April 2021:</p><p><blockquote>最后，还有一个关于亚历克斯·卡普高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，以下是 CNBC 在 2021 年 4 月报道的一些背景信息：</blockquote></p><p>   Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public.In a proxy filing on Thursday, Palantir said the bulk of Karp’s pay was tied to options worth $797.9 million, with another $296.4 million for stock awards. The outsized package is the result of an equity incentive plan agreed upon last year, giving Karp 141 million options that begin vesting in August 2021. Each quarter, 2.5 percent of the equity will vest.  Now, here's just a quick peek about what that selling looks like:</p><p><blockquote>Palantir 首席执行官 Alex Karp 在 2020 年获得了价值约 11 亿美元的薪酬，主要是通过其软件公司上市前不久授予的股权奖励。在周四提交的一份代理文件中，Palantir 称卡普的大部分薪酬与价值 7.979 亿美元的期权挂钩，另有 2.964 亿美元用于股票奖励。这一庞大的一揽子计划是去年达成的股权激励计划的结果，该计划赋予卡普 1.41 亿份期权，将于 2021 年 8 月开始归属。每个季度，2.5%的股权将归属。现在，让我们快速了解一下销售情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9b2c725b59681121eec807c4650b5ad\" tg-width=\"640\" tg-height=\"295\" referrerpolicy=\"no-referrer\"><span>Source:Nasdaq</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：纳斯达克</span></p></blockquote></p><p> Obviously, the action here is pretty intense and it's why it was brought up for consideration. Now, for the sake of simplicity, I'm going to paraphrase the scripted response that was read out loud. In short, Alex Karp has a huge number of options. These options are \"old\" and apparently must be exercised now; I believe before the end of 2021. Furthermore, the selling is automatic, which seems to line up pretty well with the data I've captured above. In other words,<i>Karp's selling isn't because he's lost faith in the company</i>.</p><p><blockquote>显然，这里的行动非常激烈，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释大声朗读的脚本响应。简而言之，亚历克斯·卡普有大量的选择。这些选项是“旧的”，显然现在必须行使；我相信在2021年底之前。此外，销售是自动的，这似乎与我上面捕获的数据非常吻合。换句话说，<i>卡普的出售并不是因为他对公司失去了信心</i>.</blockquote></p><p> Karp's salary is just over $1 million, which isn't too bad, but it's also not crazy. Clearly, PLTR stock and options are fueling his incredible compensation package. This is a bit frustrating to track, however, when the options vest, get exercised and then sold there are also tremendous taxes to pay. So, in part, Karp is necessarily working through the process of exercising long-term options, while handling tax obligations on a rational schedule.</p><p><blockquote>卡普的薪水刚刚超过100万美元，这还不算太差，但也不疯狂。显然，PLTR 股票和期权正在推动他令人难以置信的薪酬方案。这有点令人沮丧，然而，当期权归属、行权然后出售时，还要缴纳巨额税款。因此，在某种程度上，卡普必须通过行使长期选择权的过程，同时按照合理的时间表处理纳税义务。</blockquote></p><p> Again, all of this is to say two things. Karp's made a ton of money but at the same time, he hasn't given up on PLTR. His selling doesn't say anything substantial about PLTR's future, in my opinion. It's his own mind-boggling personal finance process, that's on display in public as the CEO of PLTR.</p><p><blockquote>再说一次，所有这些都是为了说明两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并没有说明 PLTR 的未来有任何实质性的意义。这是他自己令人难以置信的个人理财流程，作为 PLTR 首席执行官公开展示。</blockquote></p><p> Summarizing everything, PLTR had a strong quarter in Q3 2021 looks like it should be strong as well:</p><p><blockquote>总而言之，PLTR 在 2021 年第三季度表现强劲，看起来也应该强劲：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e76043e7ef8c08556e6972aa0b37d66\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> And, very quickly,per my previous article:</p><p><blockquote>很快，根据我之前的文章：</blockquote></p><p></p><p>   I'll be looking for a deceleration in stock-based compensation expenses. I'll be looking for strong growth in both government and commercial. I'll be looking at Q2 growth, given the high bar set with&nbsp;49% growth in Q1 2021. I'll be looking at total remaining deal value, which was about $2.8 billion at the end of Q1 (and up 40% YoY). I am expecting contribution margin to remain high, and hopefully over 60% in Q2.  <ul>  <li>Stock based compensation increased. I'll have to review this more closely in a future article. It's still a major thorn in my side. Virtually every chart has this phrase in the footnotes:<i>\"...excludes stock-based compensation and related employer payroll taxes.\"</i>It's my #1 issue with PLTR.</li>  <li>Q2 growth was excellent, as I've pointed out. Both government and commercial did well. And, long-term customers keep sticking and spending, more and more. I like what I'm seeing in terms of growth.</li>  <li>Deal value increased 63% to $3.4 billion. So, they did very well in that department. That gives us a glimpse into future sales and related growth.</li>  <li>Lastly, contribution margin didn't hit my big goal of 60%, but it still improved strongly to 58% in Q2 2021 from 55% in Q2 2020.</li> </ul></p><p><blockquote>我将寻求股票薪酬支出的减速。我将寻求政府和商业的强劲增长。鉴于 2021 年第一季度 49% 的高增长率，我将关注第二季度的增长。我将查看剩余交易总价值，第一季度末约为 28 亿美元（同比增长 40%）。我预计第二季度的贡献率将保持较高水平，并希望超过 60%。<ul><li>股票薪酬增加。我将在以后的文章中更详细地回顾这一点。这仍然是我的眼中钉。几乎每个图表的脚注中都有这句话：<i>“……不包括基于股票的薪酬和相关的雇主工资税。”</i>这是我对PLTR的第一个问题。</li><li>正如我所指出的，第二季度的增长非常出色。政府和商业都做得很好。而且，长期客户继续留下来消费，越来越多。我喜欢我所看到的增长。</li><li>交易价值增长 63%，达到 34 亿美元。所以，他们在那个部门做得很好。这让我们得以一窥未来的销售和相关增长。</li><li>最后，贡献率没有达到我 60% 的大目标，但仍从 2020 年第二季度的 55% 强劲提高到 2021 年第二季度的 58%。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: 7 Interesting Things From The Q2 2021 Earnings Call<blockquote>Palantir：2021年第二季度收益看涨期权中的7件有趣的事情</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: 7 Interesting Things From The Q2 2021 Earnings Call<blockquote>Palantir：2021年第二季度收益看涨期权中的7件有趣的事情</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-08-14 07:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>First, I briefly review the big news and highlights from PLTR's Q2 2021 business update.</li>  <li>Second, I cover some of the details that are less well-known, including comments made by leadership on the earnings call.</li>  <li>Third, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared.</li>  <li>Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/028b3e3b1d2c99f3ee26f213c2fc069f\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"><span>zirconicusso/iStock via Getty Images</span></p><p><blockquote><ul><li>首先，我简要回顾一下 PLTR 2021 年第二季度业务更新中的重大新闻和亮点。</li><li>其次，我涵盖了一些不太为人所知的细节，包括领导层对盈利看涨期权的评论。</li><li>第三，深入探讨亚历克斯·卡普薪酬的一些重要细节，包括他的内幕交易活动；领导层已经准备好了应对措施。</li><li>最后，我查看了我关注的几个指标，包括股票薪酬、贡献利润率和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock via Getty Images</span></p></blockquote></p><p> It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth and&nbsp;increased cash flow outlook.</p><p><blockquote>您可能已经听说过 Palantir (PLTR) 刚刚公布 2021 年第二季度业绩强劲的消息。我确信会有大量的实证结果报道，包括巨大的增长和现金流前景的增加。</blockquote></p><p> Here, I'll just highlight those numbers then I'll turn to a few things that came up directly on the earnings call that surprised me.</p><p><blockquote>在这里，我将只强调这些数字，然后我将转向一些直接出现在收益看涨期权上的事情，这让我感到惊讶。</blockquote></p><p> First, revenue was up 49%, beating the estimates. it's notable that commercial revenue was up an eye-popping 90%, because it's an area that bears have complained about. This mostly squashes the idea that PLTR is only driven by secret government contracts.</p><p><blockquote>首先，收入增长 49%，超出预期。值得注意的是，商业收入增长了 90%，令人瞠目结舌，因为这是空头抱怨的一个领域。这在很大程度上消除了PLTR仅由秘密政府合同驱动的想法。</blockquote></p><p> Second, PLTR closed a ton of deals in Q2. Specifically, they scored 62 deals worth $1 million or more. I like this view:</p><p><blockquote>其次，PLTR 在第二季度完成了大量交易。具体来说，他们达成了62笔价值100万美元或以上的交易。我喜欢这个观点：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37ecc00151018d803161b75c01bb4571\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"><span>Source:Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> Of course, the YoY remaining deal value is interesting but I like the blunt look into the deal size, with&nbsp;<i>30 deals over $5 million and 21 deals over $10 million</i>, because it indicates an ever-spreading reach of customers. That's exactly what's required to drive long-term revenue growth, but also stability.</p><p><blockquote>当然，同比剩余交易价值很有趣，但我喜欢直截了当地看待交易规模，<i>30 笔交易超过 500 万美元，21 笔交易超过 1000 万美元</i>，因为它表明客户的范围不断扩大。这正是推动长期收入增长和稳定性所需要的。</blockquote></p><p> Third, it's looking like Q3 is going to work out fairly well. Sales are projected to be about $5 million great than consensus. And, as I've already mentioned, PLTR raised its free cash flow outlook. To be clear, the jump is rather big, going from greater than $150 million to now greater than $300 million.</p><p><blockquote>第三，第三季度看起来会相当不错。预计销售额将比市场预期高出约 500 万美元。而且，正如我已经提到的，PLTR 上调了自由现金流前景。需要明确的是，这一跃升相当大，从超过 1.5 亿美元增加到现在的超过 3 亿美元。</blockquote></p><p> I didn't see or hear much about changes in annual revenue growth, but one thing is crystal clear -<i>I do not expect growth to slow down</i>. And, per the presentation and earnings call, growth is expected at 30% or more this year, and then through 2025.</p><p><blockquote>我没有看到或听到太多关于年收入增长的变化，但有一点非常清楚——<i>我预计增长不会放缓</i>根据演示文稿和盈利看涨期权，预计今年乃至 2025 年的增长率将达到 30% 或更高。</blockquote></p><p> Interestingly, revenue grew by 49% in Q1 YoY, generating $341 between government and commercial. And now, in Q2, revenue grew by 49% YoY to $376 million. That's two quarters in a row at 49%. It's for this reason that I stick by&nbsp;what I previously wrote about PLTR sandbagging:</p><p><blockquote>有趣的是，第一季度收入同比增长 49%，政府和商业收入为 341 美元。现在，第二季度收入同比增长 49%，达到 3.76 亿美元。这是连续两个季度的 49%。正是因为这个原因，我坚持我之前写的关于PLTR沙袋的内容：</blockquote></p><p>   In other words, when we start with $800 million for 2021, it's pretty obvious that the 30% growth doesn't cut it. We cannot reach $4 billion by 2025 with \"only\" 30% growth. PLTR is perhapss&nbsp;andbagging&nbsp;to keep expectations lower. It's hard to know for sure. It could also be that they expect faster growth in 2022 through 2025.  I'll have to dive in deeper in a future article to see exactly how current and future growth projections line up against the hard numbers that have come in. For now, my point is simply that they've set the bar at a reasonable albeit conservative level and seeing beats like this is not too shocking, but also encouraging.<i>They're managing Wall Street and the analysts fairly well.</i></p><p><blockquote>换句话说，当我们从2021年的8亿美元开始时，很明显30%的增长不会削减它。到 2025 年，我们“仅”增长 30%，就无法达到 40 亿美元。PLTR 可能是为了降低预期。很难确定。他们也可能预计 2022 年至 2025 年将实现更快的增长。我将不得不在未来的文章中更深入地了解当前和未来的增长预测如何与已经到来的硬数据相一致。现在，我的观点很简单，他们已经把标准设定在了一个合理的保守水平，看到这样的节拍不会太令人震惊，但也令人鼓舞。<i>他们对华尔街和分析师的管理相当好。</i></blockquote></p><p> Fourth, in addition to new customer acquisition, the revenue dollar value for PLTR's top 20 customers continues to march upward.</p><p><blockquote>第四，除了新客户的获取，PLTR前20名客户的收入美元价值继续上升。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fba540de7f84e50e602dc943d5e985f\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> If it's not completely obvious, this is worth watching since it gives us some confidence that<i>customers are happy and they are sticking</i>. It's not a perfect indicator, but it's still pretty good since unhappy customers aren't going to keep paying PLTR, over and over. Other companies have a tendency to either focus too much on milking current \"cash cow\" customers or getting hyper aggressive about new customers. In the Q2 2021 update, we're seeing a great flow of new customers and then this indicator of growing long-term customer value. It's a delicate but critical balance. I'll continue to watch this in Q3.</p><p><blockquote>如果不是很明显，这是值得一看的，因为它给了我们一些信心<i>顾客很满意，他们会坚持</i>.这不是一个完美的指标，但它仍然相当不错，因为不满意的客户不会一遍又一遍地向 PLTR 付款。其他公司往往要么过于关注现有的“摇钱树”客户，要么对新客户过于咄咄逼人。在2021年第二季度的更新中，我们看到了大量的新客户，然后是长期客户价值增长的指标。这是一个微妙但至关重要的平衡。我会在第三季度继续关注这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在Q1，我们听说了“零日”客户。这里有一个味道：</blockquote></p><p></p><p>   We are seeing opportunities for companies to build their digital infrastructure around foundry from day zero, where they can shave years off their ramps and mountains of risk off their roadmaps by cost efficiently standing on the shoulders of 15 years and more than $2 billion of R&amp;D. And we see this as the first salvo in expanding distribution of foundry to broader markets and a broader set of customers.  In Q2, PLTR leadership continued to push this theme, highlighting Roivant, Celularity and Wejo, for example. The idea is to get these companies using Foundry while they are just getting started, or otherwise very small. They're treating Foundry as the \"operating system\" of these businesses.</p><p><blockquote>我们看到了企业从一开始就围绕foundry构建数字基础设施的机会，他们可以通过承担15年和超过20亿美元的R&amp;D成本来节省数年的坡道和路线图上的堆积如山的风险。我们认为这是将 foundry 分销扩展到更广泛的市场和更广泛的客户群体的第一次突破。在第二季度，PLTR领导层继续推动这一主题，重点介绍了Roivant、Celularity和Wejo等。这个想法是让这些公司在刚刚起步或规模很小的时候就使用Foundry。他们将铸造厂视为这些企业的“操作系统”。</blockquote></p><p> Supporting this thrust,<i>PLTR added another 60 sales hires</i>. If I recall correctly, they hired about 50 sales people in Q1, so they are steadily adding headcount in sales and marketing, without going gangbusters. That said, their pipeline is accelerating, with active commercial pilots up 26% since the end of April.</p><p><blockquote>支撑这个推力，<i>PLTR 又增加了 60 名销售人员</i>.如果我没记错的话，他们在第一季度雇佣了大约 50 名销售人员，因此他们正在稳步增加销售和市场营销人员，而没有大张旗鼓。也就是说，他们的管道正在加速发展，自 4 月底以来，活跃的商业试点数量增加了 26%。</blockquote></p><p> Sixth, I heard leadership quickly say that they have paid off what they owed, and that<i>PLTR is now debt free</i>. In a future article, I'll have to do a deeper dive, but I wanted to report it here since I have an affinity for extremely strong balance sheets. It's possible I didn't understand the comment on the call, but I'm pretty sure that I've got it right. I reviewed the Q2 2021 business presentation but didn't see any notes on this so I'll have to revisit this at a later point. But again, I think I've got it right, and it's great news.</p><p><blockquote>第六，我听到领导很快说，他们已经还清了所欠的钱，而且<i>PLTR 现已无债务</i>.在以后的文章中，我将不得不进行更深入的探讨，但我想在这里报告它，因为我对极其强劲的资产负债表情有独钟。我可能不明白看涨期权上的评论，但我很确定我是对的。我查看了2021年第二季度的业务演示，但没有看到任何关于这一点的注释，所以我将不得不在以后重新审视这一点。但话说回来，我想我猜对了，这是个好消息。</blockquote></p><p> Lastly, there was a question about Alex Karp's executive compensation, and specifically about the relentless insider selling. Before I get to that, here's some quick background&nbsp;reported by CNBC back in April 2021:</p><p><blockquote>最后，还有一个关于亚历克斯·卡普高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，以下是 CNBC 在 2021 年 4 月报道的一些背景信息：</blockquote></p><p>   Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public.In a proxy filing on Thursday, Palantir said the bulk of Karp’s pay was tied to options worth $797.9 million, with another $296.4 million for stock awards. The outsized package is the result of an equity incentive plan agreed upon last year, giving Karp 141 million options that begin vesting in August 2021. Each quarter, 2.5 percent of the equity will vest.  Now, here's just a quick peek about what that selling looks like:</p><p><blockquote>Palantir 首席执行官 Alex Karp 在 2020 年获得了价值约 11 亿美元的薪酬，主要是通过其软件公司上市前不久授予的股权奖励。在周四提交的一份代理文件中，Palantir 称卡普的大部分薪酬与价值 7.979 亿美元的期权挂钩，另有 2.964 亿美元用于股票奖励。这一庞大的一揽子计划是去年达成的股权激励计划的结果，该计划赋予卡普 1.41 亿份期权，将于 2021 年 8 月开始归属。每个季度，2.5%的股权将归属。现在，让我们快速了解一下销售情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9b2c725b59681121eec807c4650b5ad\" tg-width=\"640\" tg-height=\"295\" referrerpolicy=\"no-referrer\"><span>Source:Nasdaq</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：纳斯达克</span></p></blockquote></p><p> Obviously, the action here is pretty intense and it's why it was brought up for consideration. Now, for the sake of simplicity, I'm going to paraphrase the scripted response that was read out loud. In short, Alex Karp has a huge number of options. These options are \"old\" and apparently must be exercised now; I believe before the end of 2021. Furthermore, the selling is automatic, which seems to line up pretty well with the data I've captured above. In other words,<i>Karp's selling isn't because he's lost faith in the company</i>.</p><p><blockquote>显然，这里的行动非常激烈，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释大声朗读的脚本响应。简而言之，亚历克斯·卡普有大量的选择。这些选项是“旧的”，显然现在必须行使；我相信在2021年底之前。此外，销售是自动的，这似乎与我上面捕获的数据非常吻合。换句话说，<i>卡普的出售并不是因为他对公司失去了信心</i>.</blockquote></p><p> Karp's salary is just over $1 million, which isn't too bad, but it's also not crazy. Clearly, PLTR stock and options are fueling his incredible compensation package. This is a bit frustrating to track, however, when the options vest, get exercised and then sold there are also tremendous taxes to pay. So, in part, Karp is necessarily working through the process of exercising long-term options, while handling tax obligations on a rational schedule.</p><p><blockquote>卡普的薪水刚刚超过100万美元，这还不算太差，但也不疯狂。显然，PLTR 股票和期权正在推动他令人难以置信的薪酬方案。这有点令人沮丧，然而，当期权归属、行权然后出售时，还要缴纳巨额税款。因此，在某种程度上，卡普必须通过行使长期选择权的过程，同时按照合理的时间表处理纳税义务。</blockquote></p><p> Again, all of this is to say two things. Karp's made a ton of money but at the same time, he hasn't given up on PLTR. His selling doesn't say anything substantial about PLTR's future, in my opinion. It's his own mind-boggling personal finance process, that's on display in public as the CEO of PLTR.</p><p><blockquote>再说一次，所有这些都是为了说明两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并没有说明 PLTR 的未来有任何实质性的意义。这是他自己令人难以置信的个人理财流程，作为 PLTR 首席执行官公开展示。</blockquote></p><p> Summarizing everything, PLTR had a strong quarter in Q3 2021 looks like it should be strong as well:</p><p><blockquote>总而言之，PLTR 在 2021 年第三季度表现强劲，看起来也应该强劲：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e76043e7ef8c08556e6972aa0b37d66\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> And, very quickly,per my previous article:</p><p><blockquote>很快，根据我之前的文章：</blockquote></p><p></p><p>   I'll be looking for a deceleration in stock-based compensation expenses. I'll be looking for strong growth in both government and commercial. I'll be looking at Q2 growth, given the high bar set with&nbsp;49% growth in Q1 2021. I'll be looking at total remaining deal value, which was about $2.8 billion at the end of Q1 (and up 40% YoY). I am expecting contribution margin to remain high, and hopefully over 60% in Q2.  <ul>  <li>Stock based compensation increased. I'll have to review this more closely in a future article. It's still a major thorn in my side. Virtually every chart has this phrase in the footnotes:<i>\"...excludes stock-based compensation and related employer payroll taxes.\"</i>It's my #1 issue with PLTR.</li>  <li>Q2 growth was excellent, as I've pointed out. Both government and commercial did well. And, long-term customers keep sticking and spending, more and more. I like what I'm seeing in terms of growth.</li>  <li>Deal value increased 63% to $3.4 billion. So, they did very well in that department. That gives us a glimpse into future sales and related growth.</li>  <li>Lastly, contribution margin didn't hit my big goal of 60%, but it still improved strongly to 58% in Q2 2021 from 55% in Q2 2020.</li> </ul></p><p><blockquote>我将寻求股票薪酬支出的减速。我将寻求政府和商业的强劲增长。鉴于 2021 年第一季度 49% 的高增长率，我将关注第二季度的增长。我将查看剩余交易总价值，第一季度末约为 28 亿美元（同比增长 40%）。我预计第二季度的贡献率将保持较高水平，并希望超过 60%。<ul><li>股票薪酬增加。我将在以后的文章中更详细地回顾这一点。这仍然是我的眼中钉。几乎每个图表的脚注中都有这句话：<i>“……不包括基于股票的薪酬和相关的雇主工资税。”</i>这是我对PLTR的第一个问题。</li><li>正如我所指出的，第二季度的增长非常出色。政府和商业都做得很好。而且，长期客户继续留下来消费，越来越多。我喜欢我所看到的增长。</li><li>交易价值增长 63%，达到 34 亿美元。所以，他们在那个部门做得很好。这让我们得以一窥未来的销售和相关增长。</li><li>最后，贡献率没有达到我 60% 的大目标，但仍从 2020 年第二季度的 55% 强劲提高到 2021 年第二季度的 58%。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4448920-palantir-seven-interesting-things-from-q2-2021-earnings-call\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4448920-palantir-seven-interesting-things-from-q2-2021-earnings-call","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196882604","content_text":"Summary\n\nFirst, I briefly review the big news and highlights from PLTR's Q2 2021 business update.\nSecond, I cover some of the details that are less well-known, including comments made by leadership on the earnings call.\nThird, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared.\nLastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.\n\nzirconicusso/iStock via Getty Images\nIt's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth and increased cash flow outlook.\nHere, I'll just highlight those numbers then I'll turn to a few things that came up directly on the earnings call that surprised me.\nFirst, revenue was up 49%, beating the estimates. it's notable that commercial revenue was up an eye-popping 90%, because it's an area that bears have complained about. This mostly squashes the idea that PLTR is only driven by secret government contracts.\nSecond, PLTR closed a ton of deals in Q2. Specifically, they scored 62 deals worth $1 million or more. I like this view:\nSource:Palantir Q2 2021 Business Update\nOf course, the YoY remaining deal value is interesting but I like the blunt look into the deal size, with 30 deals over $5 million and 21 deals over $10 million, because it indicates an ever-spreading reach of customers. That's exactly what's required to drive long-term revenue growth, but also stability.\nThird, it's looking like Q3 is going to work out fairly well. Sales are projected to be about $5 million great than consensus. And, as I've already mentioned, PLTR raised its free cash flow outlook. To be clear, the jump is rather big, going from greater than $150 million to now greater than $300 million.\nI didn't see or hear much about changes in annual revenue growth, but one thing is crystal clear -I do not expect growth to slow down. And, per the presentation and earnings call, growth is expected at 30% or more this year, and then through 2025.\nInterestingly, revenue grew by 49% in Q1 YoY, generating $341 between government and commercial. And now, in Q2, revenue grew by 49% YoY to $376 million. That's two quarters in a row at 49%. It's for this reason that I stick by what I previously wrote about PLTR sandbagging:\n\n In other words, when we start with $800 million for 2021, it's pretty obvious that the 30% growth doesn't cut it. We cannot reach $4 billion by 2025 with \"only\" 30% growth. PLTR is perhapss andbagging to keep expectations lower. It's hard to know for sure. It could also be that they expect faster growth in 2022 through 2025.\n\nI'll have to dive in deeper in a future article to see exactly how current and future growth projections line up against the hard numbers that have come in. For now, my point is simply that they've set the bar at a reasonable albeit conservative level and seeing beats like this is not too shocking, but also encouraging.They're managing Wall Street and the analysts fairly well.\nFourth, in addition to new customer acquisition, the revenue dollar value for PLTR's top 20 customers continues to march upward.\nSource: Palantir Q2 2021 Business Update\nIf it's not completely obvious, this is worth watching since it gives us some confidence thatcustomers are happy and they are sticking. It's not a perfect indicator, but it's still pretty good since unhappy customers aren't going to keep paying PLTR, over and over. Other companies have a tendency to either focus too much on milking current \"cash cow\" customers or getting hyper aggressive about new customers. In the Q2 2021 update, we're seeing a great flow of new customers and then this indicator of growing long-term customer value. It's a delicate but critical balance. I'll continue to watch this in Q3.\nFifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:\n\n We are seeing opportunities for companies to build their digital infrastructure around foundry from day zero, where they can shave years off their ramps and mountains of risk off their roadmaps by cost efficiently standing on the shoulders of 15 years and more than $2 billion of R&D. And we see this as the first salvo in expanding distribution of foundry to broader markets and a broader set of customers.\n\nIn Q2, PLTR leadership continued to push this theme, highlighting Roivant, Celularity and Wejo, for example. The idea is to get these companies using Foundry while they are just getting started, or otherwise very small. They're treating Foundry as the \"operating system\" of these businesses.\nSupporting this thrust,PLTR added another 60 sales hires. If I recall correctly, they hired about 50 sales people in Q1, so they are steadily adding headcount in sales and marketing, without going gangbusters. That said, their pipeline is accelerating, with active commercial pilots up 26% since the end of April.\nSixth, I heard leadership quickly say that they have paid off what they owed, and thatPLTR is now debt free. In a future article, I'll have to do a deeper dive, but I wanted to report it here since I have an affinity for extremely strong balance sheets. It's possible I didn't understand the comment on the call, but I'm pretty sure that I've got it right. I reviewed the Q2 2021 business presentation but didn't see any notes on this so I'll have to revisit this at a later point. But again, I think I've got it right, and it's great news.\nLastly, there was a question about Alex Karp's executive compensation, and specifically about the relentless insider selling. Before I get to that, here's some quick background reported by CNBC back in April 2021:\n\n Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public.In a proxy filing on Thursday, Palantir said the bulk of Karp’s pay was tied to options worth $797.9 million, with another $296.4 million for stock awards. The outsized package is the result of an equity incentive plan agreed upon last year, giving Karp 141 million options that begin vesting in August 2021. Each quarter, 2.5 percent of the equity will vest.\n\nNow, here's just a quick peek about what that selling looks like:\nSource:Nasdaq\nObviously, the action here is pretty intense and it's why it was brought up for consideration. Now, for the sake of simplicity, I'm going to paraphrase the scripted response that was read out loud. In short, Alex Karp has a huge number of options. These options are \"old\" and apparently must be exercised now; I believe before the end of 2021. Furthermore, the selling is automatic, which seems to line up pretty well with the data I've captured above. In other words,Karp's selling isn't because he's lost faith in the company.\nKarp's salary is just over $1 million, which isn't too bad, but it's also not crazy. Clearly, PLTR stock and options are fueling his incredible compensation package. This is a bit frustrating to track, however, when the options vest, get exercised and then sold there are also tremendous taxes to pay. So, in part, Karp is necessarily working through the process of exercising long-term options, while handling tax obligations on a rational schedule.\nAgain, all of this is to say two things. Karp's made a ton of money but at the same time, he hasn't given up on PLTR. His selling doesn't say anything substantial about PLTR's future, in my opinion. It's his own mind-boggling personal finance process, that's on display in public as the CEO of PLTR.\nSummarizing everything, PLTR had a strong quarter in Q3 2021 looks like it should be strong as well:\nSource: Palantir Q2 2021 Business Update\nAnd, very quickly,per my previous article:\n\n I'll be looking for a deceleration in stock-based compensation expenses. I'll be looking for strong growth in both government and commercial. I'll be looking at Q2 growth, given the high bar set with 49% growth in Q1 2021. I'll be looking at total remaining deal value, which was about $2.8 billion at the end of Q1 (and up 40% YoY). I am expecting contribution margin to remain high, and hopefully over 60% in Q2.\n\n\nStock based compensation increased. I'll have to review this more closely in a future article. It's still a major thorn in my side. Virtually every chart has this phrase in the footnotes:\"...excludes stock-based compensation and related employer payroll taxes.\"It's my #1 issue with PLTR.\nQ2 growth was excellent, as I've pointed out. Both government and commercial did well. And, long-term customers keep sticking and spending, more and more. I like what I'm seeing in terms of growth.\nDeal value increased 63% to $3.4 billion. So, they did very well in that department. That gives us a glimpse into future sales and related growth.\nLastly, contribution margin didn't hit my big goal of 60%, but it still improved strongly to 58% in Q2 2021 from 55% in Q2 2020.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":3130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897225134,"gmtCreate":1628926786428,"gmtModify":1633688433414,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"😱😱","listText":"😱😱","text":"😱😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/897225134","repostId":"1167599158","repostType":4,"isVote":1,"tweetType":1,"viewCount":1793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894058537,"gmtCreate":1628779076929,"gmtModify":1633689548968,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"🚀&nbsp;","listText":"🚀&nbsp;","text":"🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894058537","repostId":"1182304144","repostType":4,"repost":{"id":"1182304144","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628777611,"share":"https://www.laohu8.com/m/news/1182304144?lang=zh_CN&edition=full","pubTime":"2021-08-12 22:13","market":"us","language":"en","title":"Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182304144","media":"Tiger Newspress","summary":"Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong go","content":"<p>Palantir&nbsp;Technologies&nbsp;shares&nbsp;gain&nbsp;nearly&nbsp;12%&nbsp;in&nbsp;early&nbsp;trading&nbsp;as&nbsp;raising sales forecast on strong government uptake.</p><p><blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/548ca8b78dadac26cb4d35346f52e7cb\" tg-width=\"894\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Palantir Technologies Inc. forecast sales of its data software will grow 33% in the third quarter, reflecting heightened demand from government agencies and that more companies are beginning to sign up.</p><p><blockquote>Palantir Technologies Inc.预测其数据软件的销售额将在第三季度增长33%，反映出政府机构需求的增加以及更多公司开始签约。</blockquote></p><p> Revenue will be about $385 million in the period ending in September, the Denver-based company said in a statement Thursday. That exceeds the company’s previous outlook as well as an average of analysts’ estimates compiled by Bloomberg.</p><p><blockquote>这家总部位于丹佛的公司周四在一份声明中表示，截至9月份的收入约为3.85亿美元。这超出了该公司之前的预期以及彭博社编制的分析师平均预期。</blockquote></p><p> Palantir has been recruiting an array of corporate allies with the goal of attracting new customers. It forged partnerships this year with International Business Machines Corp. and Fujitsu Ltd. to resell its technology and with Amazon Web Services to support it. Palantir also expanded its own sales team.</p><p><blockquote>Palantir一直在招募一系列企业盟友，目标是吸引新客户。今年，它与国际商业机器公司和富士通有限公司建立了合作伙伴关系，以转售其技术，并与亚马逊网络服务建立了支持该技术的合作伙伴关系。Palantir还扩大了自己的销售团队。</blockquote></p><p> The search went even wider last month to include small companies. Palantir began selling its software through a monthly subscription to a handful of startups connected to former employees. The company also invested in a dozen startups and signed them up as customers, marking a reversal of its previous approach to only pursue large deals.</p><p><blockquote>上个月，搜索范围更广，包括小公司。Palantir开始通过按月订阅的方式向少数与前员工有联系的初创公司销售其软件。该公司还投资了十几家初创公司，并与它们签约成为客户，这标志着其之前只追求大宗交易的做法发生了逆转。</blockquote></p><p> “We’ve always invested in companies. Now we can do it with our balance sheet,” Kevin Kawasaki, the head of business development, said on a conference call with analysts Thursday. “This is a long-term strategy.”</p><p><blockquote>业务发展主管Kevin Kawasaki周四在与分析师举行的电话会议上表示：“我们一直投资公司。现在我们可以通过资产负债表来做到这一点。”“这是一个长期战略。”</blockquote></p><p> The shifting strategy came at a cost. The second-quarter loss was 7 cents a share. Stock-based compensation accounts for a hefty portion.</p><p><blockquote>战略的转变是有代价的。第二季度每股亏损7美分。股票薪酬占很大一部分。</blockquote></p><p> Sales results in the quarter were encouraging. Palantir reported $376 million in revenue for the period that ended in June, up 49% from a year earlier.</p><p><blockquote>本季度的销售业绩令人鼓舞。Palantir公布截至6月份的收入为3.76亿美元，同比增长49%。</blockquote></p><p> Many government agencies have flocked to Palantir since last year to help them analyze the Covid-19 pandemic. Government sales remained healthy in the second quarter at a growth rate of 66%, the company said. It was 83% in the first quarter.</p><p><blockquote>自去年以来，许多政府机构纷纷涌向Palantir，帮助他们分析Covid-19大流行。该公司表示，第二季度政府销售额保持健康，增长率为66%。第一季度为83%。</blockquote></p><p> The U.S. National Nuclear Security Administration, the U.S. Coast Guard, the Federal Aviation Administration and the U.S. Centers for Disease Control and Prevention all signed deals during the second quarter. “The government business is on fire,” said Shyam Sankar, the chief operating officer.</p><p><blockquote>美国国家核安全局、美国海岸警卫队、联邦航空管理局和美国疾病控制与预防中心都在第二季度签署了协议。“政府业务着火了，”首席运营官希亚姆·桑卡尔(Shyam Sankar)表示。</blockquote></p><p> Corporate customers make up a smaller pool of Palantir’s revenue, but renewed efforts there appear to be paying off. U.S. sales growth in the commercial segment was 90% in the second quarter.</p><p><blockquote>企业客户在Palantir收入中所占的比例较小，但在这方面的新努力似乎正在得到回报。第二季度美国商业部门的销售额增长了90%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-12 22:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Palantir&nbsp;Technologies&nbsp;shares&nbsp;gain&nbsp;nearly&nbsp;12%&nbsp;in&nbsp;early&nbsp;trading&nbsp;as&nbsp;raising sales forecast on strong government uptake.</p><p><blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/548ca8b78dadac26cb4d35346f52e7cb\" tg-width=\"894\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Palantir Technologies Inc. forecast sales of its data software will grow 33% in the third quarter, reflecting heightened demand from government agencies and that more companies are beginning to sign up.</p><p><blockquote>Palantir Technologies Inc.预测其数据软件的销售额将在第三季度增长33%，反映出政府机构需求的增加以及更多公司开始签约。</blockquote></p><p> Revenue will be about $385 million in the period ending in September, the Denver-based company said in a statement Thursday. That exceeds the company’s previous outlook as well as an average of analysts’ estimates compiled by Bloomberg.</p><p><blockquote>这家总部位于丹佛的公司周四在一份声明中表示，截至9月份的收入约为3.85亿美元。这超出了该公司之前的预期以及彭博社编制的分析师平均预期。</blockquote></p><p> Palantir has been recruiting an array of corporate allies with the goal of attracting new customers. It forged partnerships this year with International Business Machines Corp. and Fujitsu Ltd. to resell its technology and with Amazon Web Services to support it. Palantir also expanded its own sales team.</p><p><blockquote>Palantir一直在招募一系列企业盟友，目标是吸引新客户。今年，它与国际商业机器公司和富士通有限公司建立了合作伙伴关系，以转售其技术，并与亚马逊网络服务建立了支持该技术的合作伙伴关系。Palantir还扩大了自己的销售团队。</blockquote></p><p> The search went even wider last month to include small companies. Palantir began selling its software through a monthly subscription to a handful of startups connected to former employees. The company also invested in a dozen startups and signed them up as customers, marking a reversal of its previous approach to only pursue large deals.</p><p><blockquote>上个月，搜索范围更广，包括小公司。Palantir开始通过按月订阅的方式向少数与前员工有联系的初创公司销售其软件。该公司还投资了十几家初创公司，并与它们签约成为客户，这标志着其之前只追求大宗交易的做法发生了逆转。</blockquote></p><p> “We’ve always invested in companies. Now we can do it with our balance sheet,” Kevin Kawasaki, the head of business development, said on a conference call with analysts Thursday. “This is a long-term strategy.”</p><p><blockquote>业务发展主管Kevin Kawasaki周四在与分析师举行的电话会议上表示：“我们一直投资公司。现在我们可以通过资产负债表来做到这一点。”“这是一个长期战略。”</blockquote></p><p> The shifting strategy came at a cost. The second-quarter loss was 7 cents a share. Stock-based compensation accounts for a hefty portion.</p><p><blockquote>战略的转变是有代价的。第二季度每股亏损7美分。股票薪酬占很大一部分。</blockquote></p><p> Sales results in the quarter were encouraging. Palantir reported $376 million in revenue for the period that ended in June, up 49% from a year earlier.</p><p><blockquote>本季度的销售业绩令人鼓舞。Palantir公布截至6月份的收入为3.76亿美元，同比增长49%。</blockquote></p><p> Many government agencies have flocked to Palantir since last year to help them analyze the Covid-19 pandemic. Government sales remained healthy in the second quarter at a growth rate of 66%, the company said. It was 83% in the first quarter.</p><p><blockquote>自去年以来，许多政府机构纷纷涌向Palantir，帮助他们分析Covid-19大流行。该公司表示，第二季度政府销售额保持健康，增长率为66%。第一季度为83%。</blockquote></p><p> The U.S. National Nuclear Security Administration, the U.S. Coast Guard, the Federal Aviation Administration and the U.S. Centers for Disease Control and Prevention all signed deals during the second quarter. “The government business is on fire,” said Shyam Sankar, the chief operating officer.</p><p><blockquote>美国国家核安全局、美国海岸警卫队、联邦航空管理局和美国疾病控制与预防中心都在第二季度签署了协议。“政府业务着火了，”首席运营官希亚姆·桑卡尔(Shyam Sankar)表示。</blockquote></p><p> Corporate customers make up a smaller pool of Palantir’s revenue, but renewed efforts there appear to be paying off. U.S. sales growth in the commercial segment was 90% in the second quarter.</p><p><blockquote>企业客户在Palantir收入中所占的比例较小，但在这方面的新努力似乎正在得到回报。第二季度美国商业部门的销售额增长了90%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182304144","content_text":"Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.\nPalantir Technologies Inc. forecast sales of its data software will grow 33% in the third quarter, reflecting heightened demand from government agencies and that more companies are beginning to sign up.\nRevenue will be about $385 million in the period ending in September, the Denver-based company said in a statement Thursday. That exceeds the company’s previous outlook as well as an average of analysts’ estimates compiled by Bloomberg.\nPalantir has been recruiting an array of corporate allies with the goal of attracting new customers. It forged partnerships this year with International Business Machines Corp. and Fujitsu Ltd. to resell its technology and with Amazon Web Services to support it. Palantir also expanded its own sales team.\nThe search went even wider last month to include small companies. Palantir began selling its software through a monthly subscription to a handful of startups connected to former employees. The company also invested in a dozen startups and signed them up as customers, marking a reversal of its previous approach to only pursue large deals.\n“We’ve always invested in companies. Now we can do it with our balance sheet,” Kevin Kawasaki, the head of business development, said on a conference call with analysts Thursday. “This is a long-term strategy.”\nThe shifting strategy came at a cost. The second-quarter loss was 7 cents a share. Stock-based compensation accounts for a hefty portion.\nSales results in the quarter were encouraging. Palantir reported $376 million in revenue for the period that ended in June, up 49% from a year earlier.\nMany government agencies have flocked to Palantir since last year to help them analyze the Covid-19 pandemic. Government sales remained healthy in the second quarter at a growth rate of 66%, the company said. It was 83% in the first quarter.\nThe U.S. National Nuclear Security Administration, the U.S. Coast Guard, the Federal Aviation Administration and the U.S. Centers for Disease Control and Prevention all signed deals during the second quarter. “The government business is on fire,” said Shyam Sankar, the chief operating officer.\nCorporate customers make up a smaller pool of Palantir’s revenue, but renewed efforts there appear to be paying off. U.S. sales growth in the commercial segment was 90% in the second quarter.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":1991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890827097,"gmtCreate":1628093338919,"gmtModify":1633753638330,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"//<a href=\"https://laohu8.com/U/4090594976982710\">@Anna79</a>:😅","listText":"//<a 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628777611,"share":"https://www.laohu8.com/m/news/1182304144?lang=zh_CN&edition=full","pubTime":"2021-08-12 22:13","market":"us","language":"en","title":"Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1182304144","media":"Tiger Newspress","summary":"Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong go","content":"<p>Palantir&nbsp;Technologies&nbsp;shares&nbsp;gain&nbsp;nearly&nbsp;12%&nbsp;in&nbsp;early&nbsp;trading&nbsp;as&nbsp;raising sales forecast on strong government uptake.</p><p><blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/548ca8b78dadac26cb4d35346f52e7cb\" tg-width=\"894\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Palantir Technologies Inc. forecast sales of its data software will grow 33% in the third quarter, reflecting heightened demand from government agencies and that more companies are beginning to sign up.</p><p><blockquote>Palantir Technologies Inc.预测其数据软件的销售额将在第三季度增长33%，反映出政府机构需求的增加以及更多公司开始签约。</blockquote></p><p> Revenue will be about $385 million in the period ending in September, the Denver-based company said in a statement Thursday. That exceeds the company’s previous outlook as well as an average of analysts’ estimates compiled by Bloomberg.</p><p><blockquote>这家总部位于丹佛的公司周四在一份声明中表示，截至9月份的收入约为3.85亿美元。这超出了该公司之前的预期以及彭博社编制的分析师平均预期。</blockquote></p><p> Palantir has been recruiting an array of corporate allies with the goal of attracting new customers. It forged partnerships this year with International Business Machines Corp. and Fujitsu Ltd. to resell its technology and with Amazon Web Services to support it. Palantir also expanded its own sales team.</p><p><blockquote>Palantir一直在招募一系列企业盟友，目标是吸引新客户。今年，它与国际商业机器公司和富士通有限公司建立了合作伙伴关系，以转售其技术，并与亚马逊网络服务建立了支持该技术的合作伙伴关系。Palantir还扩大了自己的销售团队。</blockquote></p><p> The search went even wider last month to include small companies. Palantir began selling its software through a monthly subscription to a handful of startups connected to former employees. The company also invested in a dozen startups and signed them up as customers, marking a reversal of its previous approach to only pursue large deals.</p><p><blockquote>上个月，搜索范围更广，包括小公司。Palantir开始通过按月订阅的方式向少数与前员工有联系的初创公司销售其软件。该公司还投资了十几家初创公司，并与它们签约成为客户，这标志着其之前只追求大宗交易的做法发生了逆转。</blockquote></p><p> “We’ve always invested in companies. Now we can do it with our balance sheet,” Kevin Kawasaki, the head of business development, said on a conference call with analysts Thursday. “This is a long-term strategy.”</p><p><blockquote>业务发展主管Kevin Kawasaki周四在与分析师举行的电话会议上表示：“我们一直投资公司。现在我们可以通过资产负债表来做到这一点。”“这是一个长期战略。”</blockquote></p><p> The shifting strategy came at a cost. The second-quarter loss was 7 cents a share. Stock-based compensation accounts for a hefty portion.</p><p><blockquote>战略的转变是有代价的。第二季度每股亏损7美分。股票薪酬占很大一部分。</blockquote></p><p> Sales results in the quarter were encouraging. Palantir reported $376 million in revenue for the period that ended in June, up 49% from a year earlier.</p><p><blockquote>本季度的销售业绩令人鼓舞。Palantir公布截至6月份的收入为3.76亿美元，同比增长49%。</blockquote></p><p> Many government agencies have flocked to Palantir since last year to help them analyze the Covid-19 pandemic. Government sales remained healthy in the second quarter at a growth rate of 66%, the company said. It was 83% in the first quarter.</p><p><blockquote>自去年以来，许多政府机构纷纷涌向Palantir，帮助他们分析Covid-19大流行。该公司表示，第二季度政府销售额保持健康，增长率为66%。第一季度为83%。</blockquote></p><p> The U.S. National Nuclear Security Administration, the U.S. Coast Guard, the Federal Aviation Administration and the U.S. Centers for Disease Control and Prevention all signed deals during the second quarter. “The government business is on fire,” said Shyam Sankar, the chief operating officer.</p><p><blockquote>美国国家核安全局、美国海岸警卫队、联邦航空管理局和美国疾病控制与预防中心都在第二季度签署了协议。“政府业务着火了，”首席运营官希亚姆·桑卡尔(Shyam Sankar)表示。</blockquote></p><p> Corporate customers make up a smaller pool of Palantir’s revenue, but renewed efforts there appear to be paying off. U.S. sales growth in the commercial segment was 90% in the second quarter.</p><p><blockquote>企业客户在Palantir收入中所占的比例较小，但在这方面的新努力似乎正在得到回报。第二季度美国商业部门的销售额增长了90%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.<blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-08-12 22:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Palantir&nbsp;Technologies&nbsp;shares&nbsp;gain&nbsp;nearly&nbsp;12%&nbsp;in&nbsp;early&nbsp;trading&nbsp;as&nbsp;raising sales forecast on strong government uptake.</p><p><blockquote>Palantir Technologies股价在早盘交易中上涨近12%，因政府大力支持而上调了销售预期。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/548ca8b78dadac26cb4d35346f52e7cb\" tg-width=\"894\" tg-height=\"619\" referrerpolicy=\"no-referrer\">Palantir Technologies Inc. forecast sales of its data software will grow 33% in the third quarter, reflecting heightened demand from government agencies and that more companies are beginning to sign up.</p><p><blockquote>Palantir Technologies Inc.预测其数据软件的销售额将在第三季度增长33%，反映出政府机构需求的增加以及更多公司开始签约。</blockquote></p><p> Revenue will be about $385 million in the period ending in September, the Denver-based company said in a statement Thursday. That exceeds the company’s previous outlook as well as an average of analysts’ estimates compiled by Bloomberg.</p><p><blockquote>这家总部位于丹佛的公司周四在一份声明中表示，截至9月份的收入约为3.85亿美元。这超出了该公司之前的预期以及彭博社编制的分析师平均预期。</blockquote></p><p> Palantir has been recruiting an array of corporate allies with the goal of attracting new customers. It forged partnerships this year with International Business Machines Corp. and Fujitsu Ltd. to resell its technology and with Amazon Web Services to support it. Palantir also expanded its own sales team.</p><p><blockquote>Palantir一直在招募一系列企业盟友，目标是吸引新客户。今年，它与国际商业机器公司和富士通有限公司建立了合作伙伴关系，以转售其技术，并与亚马逊网络服务建立了支持该技术的合作伙伴关系。Palantir还扩大了自己的销售团队。</blockquote></p><p> The search went even wider last month to include small companies. Palantir began selling its software through a monthly subscription to a handful of startups connected to former employees. The company also invested in a dozen startups and signed them up as customers, marking a reversal of its previous approach to only pursue large deals.</p><p><blockquote>上个月，搜索范围更广，包括小公司。Palantir开始通过按月订阅的方式向少数与前员工有联系的初创公司销售其软件。该公司还投资了十几家初创公司，并与它们签约成为客户，这标志着其之前只追求大宗交易的做法发生了逆转。</blockquote></p><p> “We’ve always invested in companies. Now we can do it with our balance sheet,” Kevin Kawasaki, the head of business development, said on a conference call with analysts Thursday. “This is a long-term strategy.”</p><p><blockquote>业务发展主管Kevin Kawasaki周四在与分析师举行的电话会议上表示：“我们一直投资公司。现在我们可以通过资产负债表来做到这一点。”“这是一个长期战略。”</blockquote></p><p> The shifting strategy came at a cost. The second-quarter loss was 7 cents a share. Stock-based compensation accounts for a hefty portion.</p><p><blockquote>战略的转变是有代价的。第二季度每股亏损7美分。股票薪酬占很大一部分。</blockquote></p><p> Sales results in the quarter were encouraging. Palantir reported $376 million in revenue for the period that ended in June, up 49% from a year earlier.</p><p><blockquote>本季度的销售业绩令人鼓舞。Palantir公布截至6月份的收入为3.76亿美元，同比增长49%。</blockquote></p><p> Many government agencies have flocked to Palantir since last year to help them analyze the Covid-19 pandemic. Government sales remained healthy in the second quarter at a growth rate of 66%, the company said. It was 83% in the first quarter.</p><p><blockquote>自去年以来，许多政府机构纷纷涌向Palantir，帮助他们分析Covid-19大流行。该公司表示，第二季度政府销售额保持健康，增长率为66%。第一季度为83%。</blockquote></p><p> The U.S. National Nuclear Security Administration, the U.S. Coast Guard, the Federal Aviation Administration and the U.S. Centers for Disease Control and Prevention all signed deals during the second quarter. “The government business is on fire,” said Shyam Sankar, the chief operating officer.</p><p><blockquote>美国国家核安全局、美国海岸警卫队、联邦航空管理局和美国疾病控制与预防中心都在第二季度签署了协议。“政府业务着火了，”首席运营官希亚姆·桑卡尔(Shyam Sankar)表示。</blockquote></p><p> Corporate customers make up a smaller pool of Palantir’s revenue, but renewed efforts there appear to be paying off. U.S. sales growth in the commercial segment was 90% in the second quarter.</p><p><blockquote>企业客户在Palantir收入中所占的比例较小，但在这方面的新努力似乎正在得到回报。第二季度美国商业部门的销售额增长了90%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182304144","content_text":"Palantir Technologies shares gain nearly 12% in early trading as raising sales forecast on strong government uptake.\nPalantir Technologies Inc. forecast sales of its data software will grow 33% in the third quarter, reflecting heightened demand from government agencies and that more companies are beginning to sign up.\nRevenue will be about $385 million in the period ending in September, the Denver-based company said in a statement Thursday. That exceeds the company’s previous outlook as well as an average of analysts’ estimates compiled by Bloomberg.\nPalantir has been recruiting an array of corporate allies with the goal of attracting new customers. It forged partnerships this year with International Business Machines Corp. and Fujitsu Ltd. to resell its technology and with Amazon Web Services to support it. Palantir also expanded its own sales team.\nThe search went even wider last month to include small companies. Palantir began selling its software through a monthly subscription to a handful of startups connected to former employees. The company also invested in a dozen startups and signed them up as customers, marking a reversal of its previous approach to only pursue large deals.\n“We’ve always invested in companies. Now we can do it with our balance sheet,” Kevin Kawasaki, the head of business development, said on a conference call with analysts Thursday. “This is a long-term strategy.”\nThe shifting strategy came at a cost. The second-quarter loss was 7 cents a share. Stock-based compensation accounts for a hefty portion.\nSales results in the quarter were encouraging. Palantir reported $376 million in revenue for the period that ended in June, up 49% from a year earlier.\nMany government agencies have flocked to Palantir since last year to help them analyze the Covid-19 pandemic. Government sales remained healthy in the second quarter at a growth rate of 66%, the company said. It was 83% in the first quarter.\nThe U.S. National Nuclear Security Administration, the U.S. Coast Guard, the Federal Aviation Administration and the U.S. Centers for Disease Control and Prevention all signed deals during the second quarter. “The government business is on fire,” said Shyam Sankar, the chief operating officer.\nCorporate customers make up a smaller pool of Palantir’s revenue, but renewed efforts there appear to be paying off. U.S. sales growth in the commercial segment was 90% in the second quarter.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":1991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":876160362,"gmtCreate":1637282980105,"gmtModify":1637282980105,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"Very headache [Cry]&nbsp;","listText":"Very headache [Cry]&nbsp;","text":"Very headache [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/876160362","repostId":"2184899191","repostType":2,"isVote":1,"tweetType":1,"viewCount":3472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873571280,"gmtCreate":1636968917272,"gmtModify":1636968917272,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"😉😉","listText":"😉😉","text":"😉😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/873571280","repostId":"1197513612","repostType":4,"repost":{"id":"1197513612","kind":"news","pubTimestamp":1636959180,"share":"https://www.laohu8.com/m/news/1197513612?lang=zh_CN&edition=full","pubTime":"2021-11-15 14:53","market":"us","language":"en","title":"BMW and Audi May Have McLaren in Their Sights<blockquote>宝马和奥迪可能会瞄准迈凯伦</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1197513612","media":"Reuters","summary":"BMW AG denied a Automobilwoche report that it’s interested in buying McLaren Automotive Ltd., while ","content":"<p>BMW AG denied a Automobilwoche report that it’s interested in buying McLaren Automotive Ltd., while Volkswagen AG’s Audi unit suggested it might be open to some form of cooperation with the British supercar-maker.</p><p><blockquote>宝马股份公司否认了《汽车周刊》关于其有意收购迈凯伦汽车有限公司的报道，而大众汽车公司的奥迪部门则表示可能会与这家英国超级跑车制造商进行某种形式的合作。</blockquote></p><p> Both BMW and Audi are eyeing the company’s supercar business, with Audi also interested in the manufacturer’s Formula 1 racing team, Automobilwoche reported Sunday, without specifying where it got the information.</p><p><blockquote>据《汽车周刊》（Automobilwoche）周日报道，宝马和奥迪都在盯上该公司的超级跑车业务，奥迪也对该制造商的一级方程式赛车队感兴趣，但没有具体说明是从哪里获得这一信息的。</blockquote></p><p> A BMW spokesman said that the Automobilwoche article is “wrong.” A spokeswoman for Audi responded that the company “routinely considers various ideas for cooperation” as part of its “strategic deliberations.”</p><p><blockquote>宝马发言人表示，《汽车周刊》的文章是 “错误的”。奥迪发言人回应说，公司 “经常考虑各种合作想法 ”，作为 “战略审议 ”的一部分。</blockquote></p><p> BMW will hold talks with Bahrain’s sovereign wealth fund Mumtalakat, which controls McLaren, at the beginning of next month, Automobilwoche said.</p><p><blockquote>《汽车周刊》称，宝马将于下月初与控制迈凯轮的巴林主权财富基金 Mumtalakat 举行会谈。</blockquote></p><p> McLaren has been attempting to repair its finances following the impact of the pandemic. In July, the Woking, England-based company raised 550 million pounds ($738 million) from existing investors and the sale of preference shares and equity warrants to new backers Ares Management Corp. and Saudi Arabia’s Public Investment Fund. It also raised $620 million from a bond issue.</p><p><blockquote>受疫情影响后，迈凯伦一直试图修复其财务状况。今年 7 月，这家总部位于英国沃金的公司从现有投资者那里筹集了 5.5 亿英镑（7.38 亿美元），并向新支持者 Ares Management Corp. 和沙特阿拉伯公共投资基金出售了优先股和认股权证。它还通过发行债券筹集了 6.2 亿美元。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BMW and Audi May Have McLaren in Their Sights<blockquote>宝马和奥迪可能会瞄准迈凯伦</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBMW and Audi May Have McLaren in Their Sights<blockquote>宝马和奥迪可能会瞄准迈凯伦</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-11-15 14:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>BMW AG denied a Automobilwoche report that it’s interested in buying McLaren Automotive Ltd., while Volkswagen AG’s Audi unit suggested it might be open to some form of cooperation with the British supercar-maker.</p><p><blockquote>宝马股份公司否认了《汽车周刊》关于其有意收购迈凯伦汽车有限公司的报道，而大众汽车公司的奥迪部门则表示可能会与这家英国超级跑车制造商进行某种形式的合作。</blockquote></p><p> Both BMW and Audi are eyeing the company’s supercar business, with Audi also interested in the manufacturer’s Formula 1 racing team, Automobilwoche reported Sunday, without specifying where it got the information.</p><p><blockquote>据《汽车周刊》（Automobilwoche）周日报道，宝马和奥迪都在盯上该公司的超级跑车业务，奥迪也对该制造商的一级方程式赛车队感兴趣，但没有具体说明是从哪里获得这一信息的。</blockquote></p><p> A BMW spokesman said that the Automobilwoche article is “wrong.” A spokeswoman for Audi responded that the company “routinely considers various ideas for cooperation” as part of its “strategic deliberations.”</p><p><blockquote>宝马发言人表示，《汽车周刊》的文章是 “错误的”。奥迪发言人回应说，公司 “经常考虑各种合作想法 ”，作为 “战略审议 ”的一部分。</blockquote></p><p> BMW will hold talks with Bahrain’s sovereign wealth fund Mumtalakat, which controls McLaren, at the beginning of next month, Automobilwoche said.</p><p><blockquote>《汽车周刊》称，宝马将于下月初与控制迈凯轮的巴林主权财富基金 Mumtalakat 举行会谈。</blockquote></p><p> McLaren has been attempting to repair its finances following the impact of the pandemic. In July, the Woking, England-based company raised 550 million pounds ($738 million) from existing investors and the sale of preference shares and equity warrants to new backers Ares Management Corp. and Saudi Arabia’s Public Investment Fund. It also raised $620 million from a bond issue.</p><p><blockquote>受疫情影响后，迈凯伦一直试图修复其财务状况。今年 7 月，这家总部位于英国沃金的公司从现有投资者那里筹集了 5.5 亿英镑（7.38 亿美元），并向新支持者 Ares Management Corp. 和沙特阿拉伯公共投资基金出售了优先股和认股权证。它还通过发行债券筹集了 6.2 亿美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/bmw-audi-may-mclaren-sights-150321076.html\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bmw-audi-may-mclaren-sights-150321076.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197513612","content_text":"BMW AG denied a Automobilwoche report that it’s interested in buying McLaren Automotive Ltd., while Volkswagen AG’s Audi unit suggested it might be open to some form of cooperation with the British supercar-maker.\nBoth BMW and Audi are eyeing the company’s supercar business, with Audi also interested in the manufacturer’s Formula 1 racing team, Automobilwoche reported Sunday, without specifying where it got the information.\nA BMW spokesman said that the Automobilwoche article is “wrong.” A spokeswoman for Audi responded that the company “routinely considers various ideas for cooperation” as part of its “strategic deliberations.”\nBMW will hold talks with Bahrain’s sovereign wealth fund Mumtalakat, which controls McLaren, at the beginning of next month, Automobilwoche said.\nMcLaren has been attempting to repair its finances following the impact of the pandemic. In July, the Woking, England-based company raised 550 million pounds ($738 million) from existing investors and the sale of preference shares and equity warrants to new backers Ares Management Corp. and Saudi Arabia’s Public Investment Fund. It also raised $620 million from a bond issue.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":897249587,"gmtCreate":1628929112249,"gmtModify":1633688423153,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"🚀🚀","listText":"🚀🚀","text":"🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897249587","repostId":"1196882604","repostType":4,"repost":{"id":"1196882604","kind":"news","pubTimestamp":1628898125,"share":"https://www.laohu8.com/m/news/1196882604?lang=zh_CN&edition=full","pubTime":"2021-08-14 07:42","market":"us","language":"en","title":"Palantir: 7 Interesting Things From The Q2 2021 Earnings Call<blockquote>Palantir：2021年第二季度收益看涨期权中的7件有趣的事情</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1196882604","media":"seekingalpha","summary":"Summary\n\nFirst, I briefly review the big news and highlights from PLTR's Q2 2021 business update.\nSe","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>First, I briefly review the big news and highlights from PLTR's Q2 2021 business update.</li>  <li>Second, I cover some of the details that are less well-known, including comments made by leadership on the earnings call.</li>  <li>Third, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared.</li>  <li>Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/028b3e3b1d2c99f3ee26f213c2fc069f\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"><span>zirconicusso/iStock via Getty Images</span></p><p><blockquote><ul><li>首先，我简要回顾一下 PLTR 2021 年第二季度业务更新中的重大新闻和亮点。</li><li>其次，我涵盖了一些不太为人所知的细节，包括领导层对盈利看涨期权的评论。</li><li>第三，深入探讨亚历克斯·卡普薪酬的一些重要细节，包括他的内幕交易活动；领导层已经准备好了应对措施。</li><li>最后，我查看了我关注的几个指标，包括股票薪酬、贡献利润率和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock via Getty Images</span></p></blockquote></p><p> It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth and&nbsp;increased cash flow outlook.</p><p><blockquote>您可能已经听说过 Palantir (PLTR) 刚刚公布 2021 年第二季度业绩强劲的消息。我确信会有大量的实证结果报道，包括巨大的增长和现金流前景的增加。</blockquote></p><p> Here, I'll just highlight those numbers then I'll turn to a few things that came up directly on the earnings call that surprised me.</p><p><blockquote>在这里，我将只强调这些数字，然后我将转向一些直接出现在收益看涨期权上的事情，这让我感到惊讶。</blockquote></p><p> First, revenue was up 49%, beating the estimates. it's notable that commercial revenue was up an eye-popping 90%, because it's an area that bears have complained about. This mostly squashes the idea that PLTR is only driven by secret government contracts.</p><p><blockquote>首先，收入增长 49%，超出预期。值得注意的是，商业收入增长了 90%，令人瞠目结舌，因为这是空头抱怨的一个领域。这在很大程度上消除了PLTR仅由秘密政府合同驱动的想法。</blockquote></p><p> Second, PLTR closed a ton of deals in Q2. Specifically, they scored 62 deals worth $1 million or more. I like this view:</p><p><blockquote>其次，PLTR 在第二季度完成了大量交易。具体来说，他们达成了62笔价值100万美元或以上的交易。我喜欢这个观点：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37ecc00151018d803161b75c01bb4571\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"><span>Source:Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> Of course, the YoY remaining deal value is interesting but I like the blunt look into the deal size, with&nbsp;<i>30 deals over $5 million and 21 deals over $10 million</i>, because it indicates an ever-spreading reach of customers. That's exactly what's required to drive long-term revenue growth, but also stability.</p><p><blockquote>当然，同比剩余交易价值很有趣，但我喜欢直截了当地看待交易规模，<i>30 笔交易超过 500 万美元，21 笔交易超过 1000 万美元</i>，因为它表明客户的范围不断扩大。这正是推动长期收入增长和稳定性所需要的。</blockquote></p><p> Third, it's looking like Q3 is going to work out fairly well. Sales are projected to be about $5 million great than consensus. And, as I've already mentioned, PLTR raised its free cash flow outlook. To be clear, the jump is rather big, going from greater than $150 million to now greater than $300 million.</p><p><blockquote>第三，第三季度看起来会相当不错。预计销售额将比市场预期高出约 500 万美元。而且，正如我已经提到的，PLTR 上调了自由现金流前景。需要明确的是，这一跃升相当大，从超过 1.5 亿美元增加到现在的超过 3 亿美元。</blockquote></p><p> I didn't see or hear much about changes in annual revenue growth, but one thing is crystal clear -<i>I do not expect growth to slow down</i>. And, per the presentation and earnings call, growth is expected at 30% or more this year, and then through 2025.</p><p><blockquote>我没有看到或听到太多关于年收入增长的变化，但有一点非常清楚——<i>我预计增长不会放缓</i>根据演示文稿和盈利看涨期权，预计今年乃至 2025 年的增长率将达到 30% 或更高。</blockquote></p><p> Interestingly, revenue grew by 49% in Q1 YoY, generating $341 between government and commercial. And now, in Q2, revenue grew by 49% YoY to $376 million. That's two quarters in a row at 49%. It's for this reason that I stick by&nbsp;what I previously wrote about PLTR sandbagging:</p><p><blockquote>有趣的是，第一季度收入同比增长 49%，政府和商业收入为 341 美元。现在，第二季度收入同比增长 49%，达到 3.76 亿美元。这是连续两个季度的 49%。正是因为这个原因，我坚持我之前写的关于PLTR沙袋的内容：</blockquote></p><p>   In other words, when we start with $800 million for 2021, it's pretty obvious that the 30% growth doesn't cut it. We cannot reach $4 billion by 2025 with \"only\" 30% growth. PLTR is perhapss&nbsp;andbagging&nbsp;to keep expectations lower. It's hard to know for sure. It could also be that they expect faster growth in 2022 through 2025.  I'll have to dive in deeper in a future article to see exactly how current and future growth projections line up against the hard numbers that have come in. For now, my point is simply that they've set the bar at a reasonable albeit conservative level and seeing beats like this is not too shocking, but also encouraging.<i>They're managing Wall Street and the analysts fairly well.</i></p><p><blockquote>换句话说，当我们从2021年的8亿美元开始时，很明显30%的增长不会削减它。到 2025 年，我们“仅”增长 30%，就无法达到 40 亿美元。PLTR 可能是为了降低预期。很难确定。他们也可能预计 2022 年至 2025 年将实现更快的增长。我将不得不在未来的文章中更深入地了解当前和未来的增长预测如何与已经到来的硬数据相一致。现在，我的观点很简单，他们已经把标准设定在了一个合理的保守水平，看到这样的节拍不会太令人震惊，但也令人鼓舞。<i>他们对华尔街和分析师的管理相当好。</i></blockquote></p><p> Fourth, in addition to new customer acquisition, the revenue dollar value for PLTR's top 20 customers continues to march upward.</p><p><blockquote>第四，除了新客户的获取，PLTR前20名客户的收入美元价值继续上升。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fba540de7f84e50e602dc943d5e985f\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> If it's not completely obvious, this is worth watching since it gives us some confidence that<i>customers are happy and they are sticking</i>. It's not a perfect indicator, but it's still pretty good since unhappy customers aren't going to keep paying PLTR, over and over. Other companies have a tendency to either focus too much on milking current \"cash cow\" customers or getting hyper aggressive about new customers. In the Q2 2021 update, we're seeing a great flow of new customers and then this indicator of growing long-term customer value. It's a delicate but critical balance. I'll continue to watch this in Q3.</p><p><blockquote>如果不是很明显，这是值得一看的，因为它给了我们一些信心<i>顾客很满意，他们会坚持</i>.这不是一个完美的指标，但它仍然相当不错，因为不满意的客户不会一遍又一遍地向 PLTR 付款。其他公司往往要么过于关注现有的“摇钱树”客户，要么对新客户过于咄咄逼人。在2021年第二季度的更新中，我们看到了大量的新客户，然后是长期客户价值增长的指标。这是一个微妙但至关重要的平衡。我会在第三季度继续关注这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在Q1，我们听说了“零日”客户。这里有一个味道：</blockquote></p><p></p><p>   We are seeing opportunities for companies to build their digital infrastructure around foundry from day zero, where they can shave years off their ramps and mountains of risk off their roadmaps by cost efficiently standing on the shoulders of 15 years and more than $2 billion of R&amp;D. And we see this as the first salvo in expanding distribution of foundry to broader markets and a broader set of customers.  In Q2, PLTR leadership continued to push this theme, highlighting Roivant, Celularity and Wejo, for example. The idea is to get these companies using Foundry while they are just getting started, or otherwise very small. They're treating Foundry as the \"operating system\" of these businesses.</p><p><blockquote>我们看到了企业从一开始就围绕foundry构建数字基础设施的机会，他们可以通过承担15年和超过20亿美元的R&amp;D成本来节省数年的坡道和路线图上的堆积如山的风险。我们认为这是将 foundry 分销扩展到更广泛的市场和更广泛的客户群体的第一次突破。在第二季度，PLTR领导层继续推动这一主题，重点介绍了Roivant、Celularity和Wejo等。这个想法是让这些公司在刚刚起步或规模很小的时候就使用Foundry。他们将铸造厂视为这些企业的“操作系统”。</blockquote></p><p> Supporting this thrust,<i>PLTR added another 60 sales hires</i>. If I recall correctly, they hired about 50 sales people in Q1, so they are steadily adding headcount in sales and marketing, without going gangbusters. That said, their pipeline is accelerating, with active commercial pilots up 26% since the end of April.</p><p><blockquote>支撑这个推力，<i>PLTR 又增加了 60 名销售人员</i>.如果我没记错的话，他们在第一季度雇佣了大约 50 名销售人员，因此他们正在稳步增加销售和市场营销人员，而没有大张旗鼓。也就是说，他们的管道正在加速发展，自 4 月底以来，活跃的商业试点数量增加了 26%。</blockquote></p><p> Sixth, I heard leadership quickly say that they have paid off what they owed, and that<i>PLTR is now debt free</i>. In a future article, I'll have to do a deeper dive, but I wanted to report it here since I have an affinity for extremely strong balance sheets. It's possible I didn't understand the comment on the call, but I'm pretty sure that I've got it right. I reviewed the Q2 2021 business presentation but didn't see any notes on this so I'll have to revisit this at a later point. But again, I think I've got it right, and it's great news.</p><p><blockquote>第六，我听到领导很快说，他们已经还清了所欠的钱，而且<i>PLTR 现已无债务</i>.在以后的文章中，我将不得不进行更深入的探讨，但我想在这里报告它，因为我对极其强劲的资产负债表情有独钟。我可能不明白看涨期权上的评论，但我很确定我是对的。我查看了2021年第二季度的业务演示，但没有看到任何关于这一点的注释，所以我将不得不在以后重新审视这一点。但话说回来，我想我猜对了，这是个好消息。</blockquote></p><p> Lastly, there was a question about Alex Karp's executive compensation, and specifically about the relentless insider selling. Before I get to that, here's some quick background&nbsp;reported by CNBC back in April 2021:</p><p><blockquote>最后，还有一个关于亚历克斯·卡普高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，以下是 CNBC 在 2021 年 4 月报道的一些背景信息：</blockquote></p><p>   Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public.In a proxy filing on Thursday, Palantir said the bulk of Karp’s pay was tied to options worth $797.9 million, with another $296.4 million for stock awards. The outsized package is the result of an equity incentive plan agreed upon last year, giving Karp 141 million options that begin vesting in August 2021. Each quarter, 2.5 percent of the equity will vest.  Now, here's just a quick peek about what that selling looks like:</p><p><blockquote>Palantir 首席执行官 Alex Karp 在 2020 年获得了价值约 11 亿美元的薪酬，主要是通过其软件公司上市前不久授予的股权奖励。在周四提交的一份代理文件中，Palantir 称卡普的大部分薪酬与价值 7.979 亿美元的期权挂钩，另有 2.964 亿美元用于股票奖励。这一庞大的一揽子计划是去年达成的股权激励计划的结果，该计划赋予卡普 1.41 亿份期权，将于 2021 年 8 月开始归属。每个季度，2.5%的股权将归属。现在，让我们快速了解一下销售情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9b2c725b59681121eec807c4650b5ad\" tg-width=\"640\" tg-height=\"295\" referrerpolicy=\"no-referrer\"><span>Source:Nasdaq</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：纳斯达克</span></p></blockquote></p><p> Obviously, the action here is pretty intense and it's why it was brought up for consideration. Now, for the sake of simplicity, I'm going to paraphrase the scripted response that was read out loud. In short, Alex Karp has a huge number of options. These options are \"old\" and apparently must be exercised now; I believe before the end of 2021. Furthermore, the selling is automatic, which seems to line up pretty well with the data I've captured above. In other words,<i>Karp's selling isn't because he's lost faith in the company</i>.</p><p><blockquote>显然，这里的行动非常激烈，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释大声朗读的脚本响应。简而言之，亚历克斯·卡普有大量的选择。这些选项是“旧的”，显然现在必须行使；我相信在2021年底之前。此外，销售是自动的，这似乎与我上面捕获的数据非常吻合。换句话说，<i>卡普的出售并不是因为他对公司失去了信心</i>.</blockquote></p><p> Karp's salary is just over $1 million, which isn't too bad, but it's also not crazy. Clearly, PLTR stock and options are fueling his incredible compensation package. This is a bit frustrating to track, however, when the options vest, get exercised and then sold there are also tremendous taxes to pay. So, in part, Karp is necessarily working through the process of exercising long-term options, while handling tax obligations on a rational schedule.</p><p><blockquote>卡普的薪水刚刚超过100万美元，这还不算太差，但也不疯狂。显然，PLTR 股票和期权正在推动他令人难以置信的薪酬方案。这有点令人沮丧，然而，当期权归属、行权然后出售时，还要缴纳巨额税款。因此，在某种程度上，卡普必须通过行使长期选择权的过程，同时按照合理的时间表处理纳税义务。</blockquote></p><p> Again, all of this is to say two things. Karp's made a ton of money but at the same time, he hasn't given up on PLTR. His selling doesn't say anything substantial about PLTR's future, in my opinion. It's his own mind-boggling personal finance process, that's on display in public as the CEO of PLTR.</p><p><blockquote>再说一次，所有这些都是为了说明两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并没有说明 PLTR 的未来有任何实质性的意义。这是他自己令人难以置信的个人理财流程，作为 PLTR 首席执行官公开展示。</blockquote></p><p> Summarizing everything, PLTR had a strong quarter in Q3 2021 looks like it should be strong as well:</p><p><blockquote>总而言之，PLTR 在 2021 年第三季度表现强劲，看起来也应该强劲：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e76043e7ef8c08556e6972aa0b37d66\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> And, very quickly,per my previous article:</p><p><blockquote>很快，根据我之前的文章：</blockquote></p><p></p><p>   I'll be looking for a deceleration in stock-based compensation expenses. I'll be looking for strong growth in both government and commercial. I'll be looking at Q2 growth, given the high bar set with&nbsp;49% growth in Q1 2021. I'll be looking at total remaining deal value, which was about $2.8 billion at the end of Q1 (and up 40% YoY). I am expecting contribution margin to remain high, and hopefully over 60% in Q2.  <ul>  <li>Stock based compensation increased. I'll have to review this more closely in a future article. It's still a major thorn in my side. Virtually every chart has this phrase in the footnotes:<i>\"...excludes stock-based compensation and related employer payroll taxes.\"</i>It's my #1 issue with PLTR.</li>  <li>Q2 growth was excellent, as I've pointed out. Both government and commercial did well. And, long-term customers keep sticking and spending, more and more. I like what I'm seeing in terms of growth.</li>  <li>Deal value increased 63% to $3.4 billion. So, they did very well in that department. That gives us a glimpse into future sales and related growth.</li>  <li>Lastly, contribution margin didn't hit my big goal of 60%, but it still improved strongly to 58% in Q2 2021 from 55% in Q2 2020.</li> </ul></p><p><blockquote>我将寻求股票薪酬支出的减速。我将寻求政府和商业的强劲增长。鉴于 2021 年第一季度 49% 的高增长率，我将关注第二季度的增长。我将查看剩余交易总价值，第一季度末约为 28 亿美元（同比增长 40%）。我预计第二季度的贡献率将保持较高水平，并希望超过 60%。<ul><li>股票薪酬增加。我将在以后的文章中更详细地回顾这一点。这仍然是我的眼中钉。几乎每个图表的脚注中都有这句话：<i>“……不包括基于股票的薪酬和相关的雇主工资税。”</i>这是我对PLTR的第一个问题。</li><li>正如我所指出的，第二季度的增长非常出色。政府和商业都做得很好。而且，长期客户继续留下来消费，越来越多。我喜欢我所看到的增长。</li><li>交易价值增长 63%，达到 34 亿美元。所以，他们在那个部门做得很好。这让我们得以一窥未来的销售和相关增长。</li><li>最后，贡献率没有达到我 60% 的大目标，但仍从 2020 年第二季度的 55% 强劲提高到 2021 年第二季度的 58%。</li></ul></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: 7 Interesting Things From The Q2 2021 Earnings Call<blockquote>Palantir：2021年第二季度收益看涨期权中的7件有趣的事情</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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leadership had a response prepared.</li>  <li>Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/028b3e3b1d2c99f3ee26f213c2fc069f\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\"><span>zirconicusso/iStock via Getty Images</span></p><p><blockquote><ul><li>首先，我简要回顾一下 PLTR 2021 年第二季度业务更新中的重大新闻和亮点。</li><li>其次，我涵盖了一些不太为人所知的细节，包括领导层对盈利看涨期权的评论。</li><li>第三，深入探讨亚历克斯·卡普薪酬的一些重要细节，包括他的内幕交易活动；领导层已经准备好了应对措施。</li><li>最后，我查看了我关注的几个指标，包括股票薪酬、贡献利润率和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock via Getty Images</span></p></blockquote></p><p> It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth and&nbsp;increased cash flow outlook.</p><p><blockquote>您可能已经听说过 Palantir (PLTR) 刚刚公布 2021 年第二季度业绩强劲的消息。我确信会有大量的实证结果报道，包括巨大的增长和现金流前景的增加。</blockquote></p><p> Here, I'll just highlight those numbers then I'll turn to a few things that came up directly on the earnings call that surprised me.</p><p><blockquote>在这里，我将只强调这些数字，然后我将转向一些直接出现在收益看涨期权上的事情，这让我感到惊讶。</blockquote></p><p> First, revenue was up 49%, beating the estimates. it's notable that commercial revenue was up an eye-popping 90%, because it's an area that bears have complained about. This mostly squashes the idea that PLTR is only driven by secret government contracts.</p><p><blockquote>首先，收入增长 49%，超出预期。值得注意的是，商业收入增长了 90%，令人瞠目结舌，因为这是空头抱怨的一个领域。这在很大程度上消除了PLTR仅由秘密政府合同驱动的想法。</blockquote></p><p> Second, PLTR closed a ton of deals in Q2. Specifically, they scored 62 deals worth $1 million or more. I like this view:</p><p><blockquote>其次，PLTR 在第二季度完成了大量交易。具体来说，他们达成了62笔价值100万美元或以上的交易。我喜欢这个观点：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37ecc00151018d803161b75c01bb4571\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"><span>Source:Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> Of course, the YoY remaining deal value is interesting but I like the blunt look into the deal size, with&nbsp;<i>30 deals over $5 million and 21 deals over $10 million</i>, because it indicates an ever-spreading reach of customers. That's exactly what's required to drive long-term revenue growth, but also stability.</p><p><blockquote>当然，同比剩余交易价值很有趣，但我喜欢直截了当地看待交易规模，<i>30 笔交易超过 500 万美元，21 笔交易超过 1000 万美元</i>，因为它表明客户的范围不断扩大。这正是推动长期收入增长和稳定性所需要的。</blockquote></p><p> Third, it's looking like Q3 is going to work out fairly well. Sales are projected to be about $5 million great than consensus. And, as I've already mentioned, PLTR raised its free cash flow outlook. To be clear, the jump is rather big, going from greater than $150 million to now greater than $300 million.</p><p><blockquote>第三，第三季度看起来会相当不错。预计销售额将比市场预期高出约 500 万美元。而且，正如我已经提到的，PLTR 上调了自由现金流前景。需要明确的是，这一跃升相当大，从超过 1.5 亿美元增加到现在的超过 3 亿美元。</blockquote></p><p> I didn't see or hear much about changes in annual revenue growth, but one thing is crystal clear -<i>I do not expect growth to slow down</i>. And, per the presentation and earnings call, growth is expected at 30% or more this year, and then through 2025.</p><p><blockquote>我没有看到或听到太多关于年收入增长的变化，但有一点非常清楚——<i>我预计增长不会放缓</i>根据演示文稿和盈利看涨期权，预计今年乃至 2025 年的增长率将达到 30% 或更高。</blockquote></p><p> Interestingly, revenue grew by 49% in Q1 YoY, generating $341 between government and commercial. And now, in Q2, revenue grew by 49% YoY to $376 million. That's two quarters in a row at 49%. It's for this reason that I stick by&nbsp;what I previously wrote about PLTR sandbagging:</p><p><blockquote>有趣的是，第一季度收入同比增长 49%，政府和商业收入为 341 美元。现在，第二季度收入同比增长 49%，达到 3.76 亿美元。这是连续两个季度的 49%。正是因为这个原因，我坚持我之前写的关于PLTR沙袋的内容：</blockquote></p><p>   In other words, when we start with $800 million for 2021, it's pretty obvious that the 30% growth doesn't cut it. We cannot reach $4 billion by 2025 with \"only\" 30% growth. PLTR is perhapss&nbsp;andbagging&nbsp;to keep expectations lower. It's hard to know for sure. It could also be that they expect faster growth in 2022 through 2025.  I'll have to dive in deeper in a future article to see exactly how current and future growth projections line up against the hard numbers that have come in. For now, my point is simply that they've set the bar at a reasonable albeit conservative level and seeing beats like this is not too shocking, but also encouraging.<i>They're managing Wall Street and the analysts fairly well.</i></p><p><blockquote>换句话说，当我们从2021年的8亿美元开始时，很明显30%的增长不会削减它。到 2025 年，我们“仅”增长 30%，就无法达到 40 亿美元。PLTR 可能是为了降低预期。很难确定。他们也可能预计 2022 年至 2025 年将实现更快的增长。我将不得不在未来的文章中更深入地了解当前和未来的增长预测如何与已经到来的硬数据相一致。现在，我的观点很简单，他们已经把标准设定在了一个合理的保守水平，看到这样的节拍不会太令人震惊，但也令人鼓舞。<i>他们对华尔街和分析师的管理相当好。</i></blockquote></p><p> Fourth, in addition to new customer acquisition, the revenue dollar value for PLTR's top 20 customers continues to march upward.</p><p><blockquote>第四，除了新客户的获取，PLTR前20名客户的收入美元价值继续上升。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6fba540de7f84e50e602dc943d5e985f\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> If it's not completely obvious, this is worth watching since it gives us some confidence that<i>customers are happy and they are sticking</i>. It's not a perfect indicator, but it's still pretty good since unhappy customers aren't going to keep paying PLTR, over and over. Other companies have a tendency to either focus too much on milking current \"cash cow\" customers or getting hyper aggressive about new customers. In the Q2 2021 update, we're seeing a great flow of new customers and then this indicator of growing long-term customer value. It's a delicate but critical balance. I'll continue to watch this in Q3.</p><p><blockquote>如果不是很明显，这是值得一看的，因为它给了我们一些信心<i>顾客很满意，他们会坚持</i>.这不是一个完美的指标，但它仍然相当不错，因为不满意的客户不会一遍又一遍地向 PLTR 付款。其他公司往往要么过于关注现有的“摇钱树”客户，要么对新客户过于咄咄逼人。在2021年第二季度的更新中，我们看到了大量的新客户，然后是长期客户价值增长的指标。这是一个微妙但至关重要的平衡。我会在第三季度继续关注这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在Q1，我们听说了“零日”客户。这里有一个味道：</blockquote></p><p></p><p>   We are seeing opportunities for companies to build their digital infrastructure around foundry from day zero, where they can shave years off their ramps and mountains of risk off their roadmaps by cost efficiently standing on the shoulders of 15 years and more than $2 billion of R&amp;D. And we see this as the first salvo in expanding distribution of foundry to broader markets and a broader set of customers.  In Q2, PLTR leadership continued to push this theme, highlighting Roivant, Celularity and Wejo, for example. The idea is to get these companies using Foundry while they are just getting started, or otherwise very small. They're treating Foundry as the \"operating system\" of these businesses.</p><p><blockquote>我们看到了企业从一开始就围绕foundry构建数字基础设施的机会，他们可以通过承担15年和超过20亿美元的R&amp;D成本来节省数年的坡道和路线图上的堆积如山的风险。我们认为这是将 foundry 分销扩展到更广泛的市场和更广泛的客户群体的第一次突破。在第二季度，PLTR领导层继续推动这一主题，重点介绍了Roivant、Celularity和Wejo等。这个想法是让这些公司在刚刚起步或规模很小的时候就使用Foundry。他们将铸造厂视为这些企业的“操作系统”。</blockquote></p><p> Supporting this thrust,<i>PLTR added another 60 sales hires</i>. If I recall correctly, they hired about 50 sales people in Q1, so they are steadily adding headcount in sales and marketing, without going gangbusters. That said, their pipeline is accelerating, with active commercial pilots up 26% since the end of April.</p><p><blockquote>支撑这个推力，<i>PLTR 又增加了 60 名销售人员</i>.如果我没记错的话，他们在第一季度雇佣了大约 50 名销售人员，因此他们正在稳步增加销售和市场营销人员，而没有大张旗鼓。也就是说，他们的管道正在加速发展，自 4 月底以来，活跃的商业试点数量增加了 26%。</blockquote></p><p> Sixth, I heard leadership quickly say that they have paid off what they owed, and that<i>PLTR is now debt free</i>. In a future article, I'll have to do a deeper dive, but I wanted to report it here since I have an affinity for extremely strong balance sheets. It's possible I didn't understand the comment on the call, but I'm pretty sure that I've got it right. I reviewed the Q2 2021 business presentation but didn't see any notes on this so I'll have to revisit this at a later point. But again, I think I've got it right, and it's great news.</p><p><blockquote>第六，我听到领导很快说，他们已经还清了所欠的钱，而且<i>PLTR 现已无债务</i>.在以后的文章中，我将不得不进行更深入的探讨，但我想在这里报告它，因为我对极其强劲的资产负债表情有独钟。我可能不明白看涨期权上的评论，但我很确定我是对的。我查看了2021年第二季度的业务演示，但没有看到任何关于这一点的注释，所以我将不得不在以后重新审视这一点。但话说回来，我想我猜对了，这是个好消息。</blockquote></p><p> Lastly, there was a question about Alex Karp's executive compensation, and specifically about the relentless insider selling. Before I get to that, here's some quick background&nbsp;reported by CNBC back in April 2021:</p><p><blockquote>最后，还有一个关于亚历克斯·卡普高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，以下是 CNBC 在 2021 年 4 月报道的一些背景信息：</blockquote></p><p>   Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public.In a proxy filing on Thursday, Palantir said the bulk of Karp’s pay was tied to options worth $797.9 million, with another $296.4 million for stock awards. The outsized package is the result of an equity incentive plan agreed upon last year, giving Karp 141 million options that begin vesting in August 2021. Each quarter, 2.5 percent of the equity will vest.  Now, here's just a quick peek about what that selling looks like:</p><p><blockquote>Palantir 首席执行官 Alex Karp 在 2020 年获得了价值约 11 亿美元的薪酬，主要是通过其软件公司上市前不久授予的股权奖励。在周四提交的一份代理文件中，Palantir 称卡普的大部分薪酬与价值 7.979 亿美元的期权挂钩，另有 2.964 亿美元用于股票奖励。这一庞大的一揽子计划是去年达成的股权激励计划的结果，该计划赋予卡普 1.41 亿份期权，将于 2021 年 8 月开始归属。每个季度，2.5%的股权将归属。现在，让我们快速了解一下销售情况：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9b2c725b59681121eec807c4650b5ad\" tg-width=\"640\" tg-height=\"295\" referrerpolicy=\"no-referrer\"><span>Source:Nasdaq</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：纳斯达克</span></p></blockquote></p><p> Obviously, the action here is pretty intense and it's why it was brought up for consideration. Now, for the sake of simplicity, I'm going to paraphrase the scripted response that was read out loud. In short, Alex Karp has a huge number of options. These options are \"old\" and apparently must be exercised now; I believe before the end of 2021. Furthermore, the selling is automatic, which seems to line up pretty well with the data I've captured above. In other words,<i>Karp's selling isn't because he's lost faith in the company</i>.</p><p><blockquote>显然，这里的行动非常激烈，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释大声朗读的脚本响应。简而言之，亚历克斯·卡普有大量的选择。这些选项是“旧的”，显然现在必须行使；我相信在2021年底之前。此外，销售是自动的，这似乎与我上面捕获的数据非常吻合。换句话说，<i>卡普的出售并不是因为他对公司失去了信心</i>.</blockquote></p><p> Karp's salary is just over $1 million, which isn't too bad, but it's also not crazy. Clearly, PLTR stock and options are fueling his incredible compensation package. This is a bit frustrating to track, however, when the options vest, get exercised and then sold there are also tremendous taxes to pay. So, in part, Karp is necessarily working through the process of exercising long-term options, while handling tax obligations on a rational schedule.</p><p><blockquote>卡普的薪水刚刚超过100万美元，这还不算太差，但也不疯狂。显然，PLTR 股票和期权正在推动他令人难以置信的薪酬方案。这有点令人沮丧，然而，当期权归属、行权然后出售时，还要缴纳巨额税款。因此，在某种程度上，卡普必须通过行使长期选择权的过程，同时按照合理的时间表处理纳税义务。</blockquote></p><p> Again, all of this is to say two things. Karp's made a ton of money but at the same time, he hasn't given up on PLTR. His selling doesn't say anything substantial about PLTR's future, in my opinion. It's his own mind-boggling personal finance process, that's on display in public as the CEO of PLTR.</p><p><blockquote>再说一次，所有这些都是为了说明两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并没有说明 PLTR 的未来有任何实质性的意义。这是他自己令人难以置信的个人理财流程，作为 PLTR 首席执行官公开展示。</blockquote></p><p> Summarizing everything, PLTR had a strong quarter in Q3 2021 looks like it should be strong as well:</p><p><blockquote>总而言之，PLTR 在 2021 年第三季度表现强劲，看起来也应该强劲：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e76043e7ef8c08556e6972aa0b37d66\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"><span>Source: Palantir Q2 2021 Business Update</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：Palantir 2021 年第二季度业务更新</span></p></blockquote></p><p> And, very quickly,per my previous article:</p><p><blockquote>很快，根据我之前的文章：</blockquote></p><p></p><p>   I'll be looking for a deceleration in stock-based compensation expenses. I'll be looking for strong growth in both government and commercial. I'll be looking at Q2 growth, given the high bar set with&nbsp;49% growth in Q1 2021. I'll be looking at total remaining deal value, which was about $2.8 billion at the end of Q1 (and up 40% YoY). I am expecting contribution margin to remain high, and hopefully over 60% in Q2.  <ul>  <li>Stock based compensation increased. I'll have to review this more closely in a future article. It's still a major thorn in my side. Virtually every chart has this phrase in the footnotes:<i>\"...excludes stock-based compensation and related employer payroll taxes.\"</i>It's my #1 issue with PLTR.</li>  <li>Q2 growth was excellent, as I've pointed out. Both government and commercial did well. And, long-term customers keep sticking and spending, more and more. I like what I'm seeing in terms of growth.</li>  <li>Deal value increased 63% to $3.4 billion. So, they did very well in that department. That gives us a glimpse into future sales and related growth.</li>  <li>Lastly, contribution margin didn't hit my big goal of 60%, but it still improved strongly to 58% in Q2 2021 from 55% in Q2 2020.</li> </ul></p><p><blockquote>我将寻求股票薪酬支出的减速。我将寻求政府和商业的强劲增长。鉴于 2021 年第一季度 49% 的高增长率，我将关注第二季度的增长。我将查看剩余交易总价值，第一季度末约为 28 亿美元（同比增长 40%）。我预计第二季度的贡献率将保持较高水平，并希望超过 60%。<ul><li>股票薪酬增加。我将在以后的文章中更详细地回顾这一点。这仍然是我的眼中钉。几乎每个图表的脚注中都有这句话：<i>“……不包括基于股票的薪酬和相关的雇主工资税。”</i>这是我对PLTR的第一个问题。</li><li>正如我所指出的，第二季度的增长非常出色。政府和商业都做得很好。而且，长期客户继续留下来消费，越来越多。我喜欢我所看到的增长。</li><li>交易价值增长 63%，达到 34 亿美元。所以，他们在那个部门做得很好。这让我们得以一窥未来的销售和相关增长。</li><li>最后，贡献率没有达到我 60% 的大目标，但仍从 2020 年第二季度的 55% 强劲提高到 2021 年第二季度的 58%。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4448920-palantir-seven-interesting-things-from-q2-2021-earnings-call\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4448920-palantir-seven-interesting-things-from-q2-2021-earnings-call","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196882604","content_text":"Summary\n\nFirst, I briefly review the big news and highlights from PLTR's Q2 2021 business update.\nSecond, I cover some of the details that are less well-known, including comments made by leadership on the earnings call.\nThird, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared.\nLastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.\n\nzirconicusso/iStock via Getty Images\nIt's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth and increased cash flow outlook.\nHere, I'll just highlight those numbers then I'll turn to a few things that came up directly on the earnings call that surprised me.\nFirst, revenue was up 49%, beating the estimates. it's notable that commercial revenue was up an eye-popping 90%, because it's an area that bears have complained about. This mostly squashes the idea that PLTR is only driven by secret government contracts.\nSecond, PLTR closed a ton of deals in Q2. Specifically, they scored 62 deals worth $1 million or more. I like this view:\nSource:Palantir Q2 2021 Business Update\nOf course, the YoY remaining deal value is interesting but I like the blunt look into the deal size, with 30 deals over $5 million and 21 deals over $10 million, because it indicates an ever-spreading reach of customers. That's exactly what's required to drive long-term revenue growth, but also stability.\nThird, it's looking like Q3 is going to work out fairly well. Sales are projected to be about $5 million great than consensus. And, as I've already mentioned, PLTR raised its free cash flow outlook. To be clear, the jump is rather big, going from greater than $150 million to now greater than $300 million.\nI didn't see or hear much about changes in annual revenue growth, but one thing is crystal clear -I do not expect growth to slow down. And, per the presentation and earnings call, growth is expected at 30% or more this year, and then through 2025.\nInterestingly, revenue grew by 49% in Q1 YoY, generating $341 between government and commercial. And now, in Q2, revenue grew by 49% YoY to $376 million. That's two quarters in a row at 49%. It's for this reason that I stick by what I previously wrote about PLTR sandbagging:\n\n In other words, when we start with $800 million for 2021, it's pretty obvious that the 30% growth doesn't cut it. We cannot reach $4 billion by 2025 with \"only\" 30% growth. PLTR is perhapss andbagging to keep expectations lower. It's hard to know for sure. It could also be that they expect faster growth in 2022 through 2025.\n\nI'll have to dive in deeper in a future article to see exactly how current and future growth projections line up against the hard numbers that have come in. For now, my point is simply that they've set the bar at a reasonable albeit conservative level and seeing beats like this is not too shocking, but also encouraging.They're managing Wall Street and the analysts fairly well.\nFourth, in addition to new customer acquisition, the revenue dollar value for PLTR's top 20 customers continues to march upward.\nSource: Palantir Q2 2021 Business Update\nIf it's not completely obvious, this is worth watching since it gives us some confidence thatcustomers are happy and they are sticking. It's not a perfect indicator, but it's still pretty good since unhappy customers aren't going to keep paying PLTR, over and over. Other companies have a tendency to either focus too much on milking current \"cash cow\" customers or getting hyper aggressive about new customers. In the Q2 2021 update, we're seeing a great flow of new customers and then this indicator of growing long-term customer value. It's a delicate but critical balance. I'll continue to watch this in Q3.\nFifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:\n\n We are seeing opportunities for companies to build their digital infrastructure around foundry from day zero, where they can shave years off their ramps and mountains of risk off their roadmaps by cost efficiently standing on the shoulders of 15 years and more than $2 billion of R&D. And we see this as the first salvo in expanding distribution of foundry to broader markets and a broader set of customers.\n\nIn Q2, PLTR leadership continued to push this theme, highlighting Roivant, Celularity and Wejo, for example. The idea is to get these companies using Foundry while they are just getting started, or otherwise very small. They're treating Foundry as the \"operating system\" of these businesses.\nSupporting this thrust,PLTR added another 60 sales hires. If I recall correctly, they hired about 50 sales people in Q1, so they are steadily adding headcount in sales and marketing, without going gangbusters. That said, their pipeline is accelerating, with active commercial pilots up 26% since the end of April.\nSixth, I heard leadership quickly say that they have paid off what they owed, and thatPLTR is now debt free. In a future article, I'll have to do a deeper dive, but I wanted to report it here since I have an affinity for extremely strong balance sheets. It's possible I didn't understand the comment on the call, but I'm pretty sure that I've got it right. I reviewed the Q2 2021 business presentation but didn't see any notes on this so I'll have to revisit this at a later point. But again, I think I've got it right, and it's great news.\nLastly, there was a question about Alex Karp's executive compensation, and specifically about the relentless insider selling. Before I get to that, here's some quick background reported by CNBC back in April 2021:\n\n Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public.In a proxy filing on Thursday, Palantir said the bulk of Karp’s pay was tied to options worth $797.9 million, with another $296.4 million for stock awards. The outsized package is the result of an equity incentive plan agreed upon last year, giving Karp 141 million options that begin vesting in August 2021. Each quarter, 2.5 percent of the equity will vest.\n\nNow, here's just a quick peek about what that selling looks like:\nSource:Nasdaq\nObviously, the action here is pretty intense and it's why it was brought up for consideration. Now, for the sake of simplicity, I'm going to paraphrase the scripted response that was read out loud. In short, Alex Karp has a huge number of options. These options are \"old\" and apparently must be exercised now; I believe before the end of 2021. Furthermore, the selling is automatic, which seems to line up pretty well with the data I've captured above. In other words,Karp's selling isn't because he's lost faith in the company.\nKarp's salary is just over $1 million, which isn't too bad, but it's also not crazy. Clearly, PLTR stock and options are fueling his incredible compensation package. This is a bit frustrating to track, however, when the options vest, get exercised and then sold there are also tremendous taxes to pay. So, in part, Karp is necessarily working through the process of exercising long-term options, while handling tax obligations on a rational schedule.\nAgain, all of this is to say two things. Karp's made a ton of money but at the same time, he hasn't given up on PLTR. His selling doesn't say anything substantial about PLTR's future, in my opinion. It's his own mind-boggling personal finance process, that's on display in public as the CEO of PLTR.\nSummarizing everything, PLTR had a strong quarter in Q3 2021 looks like it should be strong as well:\nSource: Palantir Q2 2021 Business Update\nAnd, very quickly,per my previous article:\n\n I'll be looking for a deceleration in stock-based compensation expenses. I'll be looking for strong growth in both government and commercial. I'll be looking at Q2 growth, given the high bar set with 49% growth in Q1 2021. I'll be looking at total remaining deal value, which was about $2.8 billion at the end of Q1 (and up 40% YoY). I am expecting contribution margin to remain high, and hopefully over 60% in Q2.\n\n\nStock based compensation increased. I'll have to review this more closely in a future article. It's still a major thorn in my side. Virtually every chart has this phrase in the footnotes:\"...excludes stock-based compensation and related employer payroll taxes.\"It's my #1 issue with PLTR.\nQ2 growth was excellent, as I've pointed out. Both government and commercial did well. And, long-term customers keep sticking and spending, more and more. I like what I'm seeing in terms of growth.\nDeal value increased 63% to $3.4 billion. So, they did very well in that department. That gives us a glimpse into future sales and related growth.\nLastly, contribution margin didn't hit my big goal of 60%, but it still improved strongly to 58% in Q2 2021 from 55% in Q2 2020.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":3130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839337010,"gmtCreate":1629121877030,"gmtModify":1633687252036,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"😿😿","listText":"😿😿","text":"😿😿","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839337010","repostId":"1165935172","repostType":4,"repost":{"id":"1165935172","kind":"news","pubTimestamp":1629118103,"share":"https://www.laohu8.com/m/news/1165935172?lang=zh_CN&edition=full","pubTime":"2021-08-16 20:48","market":"us","language":"en","title":"Fed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165935172","media":"The Wall Street Journal","summary":"Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stay","content":"<p>  Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stays high and unemployment falls rapidly.  Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.</p><p><blockquote>如果通胀居高不下、失业率迅速下降，尽快减少债券购买可以为加息提供更大的灵活性。如果经济复苏持续，美联储官员即将同意在大约三个月内开始缩减宽松货币政策，一些官员正在推动在明年年中结束资产购买计划。</blockquote></p><p> In recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.</p><p><blockquote>在最近的采访和公开声明中，一些人主张这一时间表，如果经济在实现其目标方面取得快速进展，这将使他们能够比目前预期的更早加息。</blockquote></p><p> The central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment.</p><p><blockquote>央行去年 12 月表示，将继续保持目前的债券购买速度，直到官员们得出结论，他们在实现平均通胀率 2% 和强劲就业的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> Officials at their July 27-28 meetingdeliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.</p><p><blockquote>官员们在 7 月 27 日至 28 日的会议上讨论了两个重要问题：何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些资产。美联储将于周三公布会议纪要，这可能会提供有关这些讨论的进一步线索。</blockquote></p><p> The answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022.</p><p><blockquote>这些答案对金融市场很重要，因为美联储官员表示，他们宁愿在考虑何时从接近于零的利率上调之前结束债券购买计划。在 6 月 15 日至 16 日的政策会议上，18 名美联储官员中有 13 名预计将在 2023 年底前加息；预计到 2022 年底将有 7 家这样做。</blockquote></p><p> Fed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.”</p><p><blockquote>美联储主席杰罗姆-鲍威尔（Jerome Powell）在 7 月 28 日的新闻发布会上表示，美联储 “距离考虑加息还有一段路要走。这不是我们现在考虑的事情”。</blockquote></p><p> A recent run ofstrong hiring reportshave strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November.</p><p><blockquote>最近一系列强劲的招聘报告加强了美联储在 9 月 21 日至 22 日的下次会议上宣布打算开始缩减规模的理由，可能最早在 11 月的下次会议上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6fcf5a9a0b2244055076f521102b5b4a\" tg-width=\"317\" tg-height=\"412\" width=\"100%\" height=\"auto\">“I do expect we are going to be at the point where we’ve seen substantial further progress…probably later this year,” said Chicago Fed President Charles Evans in avirtual roundtable with reporterslast week.</p><p><blockquote>“芝加哥联储主席查尔斯-埃文斯（Charles Evans）上周在与记者的虚拟圆桌会议上说：”我确实预计，我们将看到实质性的进一步进展.可能在今年晚些时候。</blockquote></p><p> Boston Fed President Eric Rosengren said in an interview he expected to see by the Sept. 21-22 meeting enough job growth to meet the criteria for reducing bond purchases. “That would set up some time this fall a possible tapering that is dependent on the Delta variant and other variants not slowing down the labor market substantially,” he said in an interview last week. Mr. Rosengren said he hopes that if strong economic growth continues, “we’re done with the tapering program…towards the middle of next year.”</p><p><blockquote>波士顿联储主席埃里克·罗森格伦在接受采访时表示，他预计到 9 月 21 日至 22 日将看到足够的就业增长，以满足减少债券购买的标准。“他在上周接受采访时说：”这将为今年秋季某个时候可能的缩减开工奠定基础，这取决于德尔塔变异毒株和其他不会大幅减缓劳动力市场的变数。罗森格伦先生说，他希望如果经济继续强劲增长，“我们将在明年年中完成缩减计划”。</blockquote></p><p> The Fed wound down its previous bond-buying program very gradually, reducing its purchases over the course of 10 months. But in December 2013, when it announced that it would soon start that process, the economy was weaker, with higher unemployment and low inflation.</p><p><blockquote>美联储非常逐步地结束了之前的债券购买计划，在 10 个月内减少了购买量。但在2013年12月，当它宣布将很快启动这一进程时，经济更加疲软，失业率更高，通货膨胀率更低。</blockquote></p><p> Officials had another reason for caution back then because they were stunned by a surge in long-term Treasury yields, dubbed the “taper tantrum,” that occurred in the middle of 2013, after then-Chair Ben Bernanke suggested they might soon reduce their asset purchases.</p><p><blockquote>当时的官员们还有另一个谨慎的理由，因为他们对 2013 年年中发生的长期国债收益率飙升感到震惊，当时时任主席本-伯南克（Ben Bernanke）暗示他们可能很快就会减少资产购买。</blockquote></p><p> The Fed now finds itself in a very different position. The economy is growing rapidly. Unemployment is much lower, at 5.4% in July.Inflation is much hotter. And bond yields have tumbled this year even as the central bank has discussed plans to reduce bond purchases.</p><p><blockquote>美联储现在发现自己处于一个非常不同的位置。经济正在快速增长。失业率要低得多，7 月份为 5.4%。通货膨胀要高得多。尽管央行讨论了减少债券购买的计划，但今年债券收益率仍大幅下降。</blockquote></p><p> The asset purchases aim to stimulate the economy by holding down long-term interest rates to spur borrowing and spending. Mr. Rosengren pointed to recentsurges in home pricesas evidence that the program may be nearing a point of diminishing returns. “If you can’t get housing materials and you can’t get construction workers to come back on site, but we do increase demand for housing, then it doesn’t do much for our employment mandate—but it does increase housing prices more than it otherwise would,” he said.</p><p><blockquote>资产购买旨在通过压低长期利率来刺激借贷和支出来刺激经济。罗森格伦指出，最近房价飙升证明该计划可能正接近回报递减的临界点。“他说：”如果你得不到住房材料，也得不到建筑工人重返工地，但我们确实增加了住房需求，那么这对我们的就业任务并没有多大帮助，但它确实比其他情况下提高了房价。</blockquote></p><p> Dallas Fed President Robert Kaplan agreed. “These purchases are very well designed to stimulate demand, but we don’t have a demand problem,” he said in an interview. “In the aftermath of the Great Recession, we did. So I don’t want to use the playbook from 2009 to 2013.”</p><p><blockquote>达拉斯联储主席罗伯特·卡普兰对此表示同意。“他在接受采访时说：”这些采购旨在刺激需求，但我们没有需求问题。“在大衰退之后，我们做到了。因此，我不想沿用 2009 年至 2013 年的剧本。”</blockquote></p><p> Some other officials have argued for more patience. Fed governor Lael Brainard indicated last month she wanted to see September hiring data, which won’t be available until early October, before deciding. That would hold off any tapering until no sooner than the Fed’s Nov. 2-3 meeting.</p><p><blockquote>其他一些官员主张更有耐心。美联储理事莱尔-布雷纳德（Lael Brainard）上个月表示，她希望看到9月份的招聘数据，而9月份的招聘数据要到10月初才能公布，然后再做决定。这将使任何缩减规模都推迟到美联储 11 月 2 日至 3 日的会议。</blockquote></p><p> San Francisco Fed President Mary Daly said in an interview last week she thinks the economy should support “beginning to taper later this year, or maybe next.” Labor markets are “really strong—getting stronger,” she said.</p><p><blockquote>旧金山联储主席玛丽-戴利（Mary Daly）上周在接受采访时表示，她认为经济应该支持 “今年晚些时候，或者明年开始缩减规模”。她说，劳动力市场 “非常强劲，而且越来越强劲”。</blockquote></p><p></p><p> Ms. Daly said it was too soon to say how the Fed should reduce the purchases. “Those things haven’t been decided,” she said.</p><p><blockquote>戴利表示，现在说美联储应该如何减少购买量还为时过早。“她说：”这些事情还没有决定。</blockquote></p><p> Likewise, Mr. Evans didn’t say how soon he thought the Fed would need to wind down its purchases. He expects inflation to fall back to 2% by the end of next year, which would argue for less urgency to withdraw monetary stimulus.</p><p><blockquote>同样，埃文斯先生也没有透露他认为美联储需要多久结束购买。他预计明年年底通胀率将回落至2%，这将证明撤回货币刺激的紧迫性有所降低。</blockquote></p><p> “My own outlook is, we’re gonna be more challenged in getting inflation to confidently stay up in the 2% or 2.1% or 2.2%” range, he said. “If others had more confidence that inflation was going to be higher on a sustainable basis, then that…quicker tapering could be the right path.”</p><p><blockquote>“他说：”我自己的展望是，我们将面临更大的挑战，要让通胀率自信地保持在 2%、2.1% 或 2.2% 的范围内。“如果其他人对通胀率会在可持续的基础上走高更有信心，那么.更快地缩减通胀率可能是正确的道路”。</blockquote></p><p> Fed officials have yet to decidewhether to reduce their purchasesof Treasurys and mortgage-backed securities at the same pace.</p><p><blockquote>美联储官员尚未决定是否以同样的速度减少对美国国债和抵押贷款支持证券的购买。</blockquote></p><p> Mr. Rosengren said he would prefer to reduce them monthly by equal quantities. Because the Fed is buying twice as many Treasurys as mortgage-backed securities, that would result in mortgage-bond purchases ending in half the time as Treasury purchases.</p><p><blockquote>罗森格伦先生说，他更愿意每月减少等量的数量。由于美联储购买的国债数量是抵押贷款支持证券的两倍，这将导致抵押贷款债券购买的结束时间是国债购买的一半。</blockquote></p><p> Mr. Kaplan said he favors reducing the purchases of both types of bonds over the course of eight months, or by $10 billion for Treasurys and $5 billion for mortgage-backed securities a month. “That strikes me as the most prudent course: start soon, and go gradually, and for me, gradually means eight months,” he said.</p><p><blockquote>卡普兰表示，他赞成在八个月内减少购买这两种债券，即每月减少购买100亿美元的国债和50亿美元的抵押贷款支持证券。“他说：”在我看来，这是最谨慎的做法：尽快开始，循序渐进，对我来说，循序渐进意味着八个月。</blockquote></p><p> St. Louis Fed President James Bullard said he wants to start paring assets in October and conclude the program by March, reducing the purchases of Treasurys by $20 billion a month and mortgage bonds by $10 billion a month. Fed governor Christopher Waller has outlined a similar preference.</p><p><blockquote>圣路易斯联储主席詹姆斯·布拉德表示，他希望从10月份开始削减资产，并在3月份结束该计划，每月减少200亿美元的国债购买，每月减少100亿美元的抵押贷款债券购买。美联储理事克里斯托弗·沃勒也概述了类似的偏好。</blockquote></p><p> Even though “that would be a fairly rapid pullout of the asset-purchase program,” Mr. Bullard said in an interview last week that he thought it would give the Fed more flexibility to determine whether to raise rates later next year. “I don’t want to have to move too rapidly [to raise rates] because it can be very disruptive, so I think that the pace I’m suggesting would give us a lot more optionality in 2022 if we needed to use it.”</p><p><blockquote>尽管 “这将是资产购买计划相当迅速的退出”，但布拉德先生在上周接受采访时表示，他认为这将使美联储有更大的灵活性来决定是否在明年晚些时候加息。“我不想采取太快的行动（提高利率），因为这可能会造成很大的破坏性，所以我认为，如果我们需要在 2022 年使用它，我建议的速度会给我们更多的选择。”</blockquote></p><p> Mr. Kaplan said by reducing asset purchases sooner, the Fed might be able to wait longer before it has to raise interest rates. “By getting a more appropriate stance of monetary policy now or soon, it might actually allow you to be more flexible and be more patient on how you adjust the federal-funds rate down the road,” he said.</p><p><blockquote>卡普兰表示，通过尽快减少资产购买，美联储可能能够在不得不加息之前等待更长时间。“他说：”通过现在或不久采取更合适的货币政策立场，实际上可能会让你在今后如何调整联邦基金利率方面更加灵活和耐心。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Officials Weigh Ending Asset Purchases by Mid-2022<blockquote>美联储官员考虑在 2022 年中期结束资产购买</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-08-16 20:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stays high and unemployment falls rapidly.  Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.</p><p><blockquote>如果通胀居高不下、失业率迅速下降，尽快减少债券购买可以为加息提供更大的灵活性。如果经济复苏持续，美联储官员即将同意在大约三个月内开始缩减宽松货币政策，一些官员正在推动在明年年中结束资产购买计划。</blockquote></p><p> In recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.</p><p><blockquote>在最近的采访和公开声明中，一些人主张这一时间表，如果经济在实现其目标方面取得快速进展，这将使他们能够比目前预期的更早加息。</blockquote></p><p> The central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment.</p><p><blockquote>央行去年 12 月表示，将继续保持目前的债券购买速度，直到官员们得出结论，他们在实现平均通胀率 2% 和强劲就业的目标方面取得了 “实质性的进一步进展”。</blockquote></p><p> Officials at their July 27-28 meetingdeliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.</p><p><blockquote>官员们在 7 月 27 日至 28 日的会议上讨论了两个重要问题：何时开始削减每月购买的 800 亿美元国债和 400 亿美元抵押贷款证券，以及如何快速减少或缩减这些资产。美联储将于周三公布会议纪要，这可能会提供有关这些讨论的进一步线索。</blockquote></p><p> The answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022.</p><p><blockquote>这些答案对金融市场很重要，因为美联储官员表示，他们宁愿在考虑何时从接近于零的利率上调之前结束债券购买计划。在 6 月 15 日至 16 日的政策会议上，18 名美联储官员中有 13 名预计将在 2023 年底前加息；预计到 2022 年底将有 7 家这样做。</blockquote></p><p> Fed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.”</p><p><blockquote>美联储主席杰罗姆-鲍威尔（Jerome Powell）在 7 月 28 日的新闻发布会上表示，美联储 “距离考虑加息还有一段路要走。这不是我们现在考虑的事情”。</blockquote></p><p> A recent run ofstrong hiring reportshave strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November.</p><p><blockquote>最近一系列强劲的招聘报告加强了美联储在 9 月 21 日至 22 日的下次会议上宣布打算开始缩减规模的理由，可能最早在 11 月的下次会议上。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6fcf5a9a0b2244055076f521102b5b4a\" tg-width=\"317\" tg-height=\"412\" width=\"100%\" height=\"auto\">“I do expect we are going to be at the point where we’ve seen substantial further progress…probably later this year,” said Chicago Fed President Charles Evans in avirtual roundtable with reporterslast week.</p><p><blockquote>“芝加哥联储主席查尔斯-埃文斯（Charles Evans）上周在与记者的虚拟圆桌会议上说：”我确实预计，我们将看到实质性的进一步进展.可能在今年晚些时候。</blockquote></p><p> Boston Fed President Eric Rosengren said in an interview he expected to see by the Sept. 21-22 meeting enough job growth to meet the criteria for reducing bond purchases. “That would set up some time this fall a possible tapering that is dependent on the Delta variant and other variants not slowing down the labor market substantially,” he said in an interview last week. Mr. Rosengren said he hopes that if strong economic growth continues, “we’re done with the tapering program…towards the middle of next year.”</p><p><blockquote>波士顿联储主席埃里克·罗森格伦在接受采访时表示，他预计到 9 月 21 日至 22 日将看到足够的就业增长，以满足减少债券购买的标准。“他在上周接受采访时说：”这将为今年秋季某个时候可能的缩减开工奠定基础，这取决于德尔塔变异毒株和其他不会大幅减缓劳动力市场的变数。罗森格伦先生说，他希望如果经济继续强劲增长，“我们将在明年年中完成缩减计划”。</blockquote></p><p> The Fed wound down its previous bond-buying program very gradually, reducing its purchases over the course of 10 months. But in December 2013, when it announced that it would soon start that process, the economy was weaker, with higher unemployment and low inflation.</p><p><blockquote>美联储非常逐步地结束了之前的债券购买计划，在 10 个月内减少了购买量。但在2013年12月，当它宣布将很快启动这一进程时，经济更加疲软，失业率更高，通货膨胀率更低。</blockquote></p><p> Officials had another reason for caution back then because they were stunned by a surge in long-term Treasury yields, dubbed the “taper tantrum,” that occurred in the middle of 2013, after then-Chair Ben Bernanke suggested they might soon reduce their asset purchases.</p><p><blockquote>当时的官员们还有另一个谨慎的理由，因为他们对 2013 年年中发生的长期国债收益率飙升感到震惊，当时时任主席本-伯南克（Ben Bernanke）暗示他们可能很快就会减少资产购买。</blockquote></p><p> The Fed now finds itself in a very different position. The economy is growing rapidly. Unemployment is much lower, at 5.4% in July.Inflation is much hotter. And bond yields have tumbled this year even as the central bank has discussed plans to reduce bond purchases.</p><p><blockquote>美联储现在发现自己处于一个非常不同的位置。经济正在快速增长。失业率要低得多，7 月份为 5.4%。通货膨胀要高得多。尽管央行讨论了减少债券购买的计划，但今年债券收益率仍大幅下降。</blockquote></p><p> The asset purchases aim to stimulate the economy by holding down long-term interest rates to spur borrowing and spending. Mr. Rosengren pointed to recentsurges in home pricesas evidence that the program may be nearing a point of diminishing returns. “If you can’t get housing materials and you can’t get construction workers to come back on site, but we do increase demand for housing, then it doesn’t do much for our employment mandate—but it does increase housing prices more than it otherwise would,” he said.</p><p><blockquote>资产购买旨在通过压低长期利率来刺激借贷和支出来刺激经济。罗森格伦指出，最近房价飙升证明该计划可能正接近回报递减的临界点。“他说：”如果你得不到住房材料，也得不到建筑工人重返工地，但我们确实增加了住房需求，那么这对我们的就业任务并没有多大帮助，但它确实比其他情况下提高了房价。</blockquote></p><p> Dallas Fed President Robert Kaplan agreed. “These purchases are very well designed to stimulate demand, but we don’t have a demand problem,” he said in an interview. “In the aftermath of the Great Recession, we did. So I don’t want to use the playbook from 2009 to 2013.”</p><p><blockquote>达拉斯联储主席罗伯特·卡普兰对此表示同意。“他在接受采访时说：”这些采购旨在刺激需求，但我们没有需求问题。“在大衰退之后，我们做到了。因此，我不想沿用 2009 年至 2013 年的剧本。”</blockquote></p><p> Some other officials have argued for more patience. Fed governor Lael Brainard indicated last month she wanted to see September hiring data, which won’t be available until early October, before deciding. That would hold off any tapering until no sooner than the Fed’s Nov. 2-3 meeting.</p><p><blockquote>其他一些官员主张更有耐心。美联储理事莱尔-布雷纳德（Lael Brainard）上个月表示，她希望看到9月份的招聘数据，而9月份的招聘数据要到10月初才能公布，然后再做决定。这将使任何缩减规模都推迟到美联储 11 月 2 日至 3 日的会议。</blockquote></p><p> San Francisco Fed President Mary Daly said in an interview last week she thinks the economy should support “beginning to taper later this year, or maybe next.” Labor markets are “really strong—getting stronger,” she said.</p><p><blockquote>旧金山联储主席玛丽-戴利（Mary Daly）上周在接受采访时表示，她认为经济应该支持 “今年晚些时候，或者明年开始缩减规模”。她说，劳动力市场 “非常强劲，而且越来越强劲”。</blockquote></p><p></p><p> Ms. Daly said it was too soon to say how the Fed should reduce the purchases. “Those things haven’t been decided,” she said.</p><p><blockquote>戴利表示，现在说美联储应该如何减少购买量还为时过早。“她说：”这些事情还没有决定。</blockquote></p><p> Likewise, Mr. Evans didn’t say how soon he thought the Fed would need to wind down its purchases. He expects inflation to fall back to 2% by the end of next year, which would argue for less urgency to withdraw monetary stimulus.</p><p><blockquote>同样，埃文斯先生也没有透露他认为美联储需要多久结束购买。他预计明年年底通胀率将回落至2%，这将证明撤回货币刺激的紧迫性有所降低。</blockquote></p><p> “My own outlook is, we’re gonna be more challenged in getting inflation to confidently stay up in the 2% or 2.1% or 2.2%” range, he said. “If others had more confidence that inflation was going to be higher on a sustainable basis, then that…quicker tapering could be the right path.”</p><p><blockquote>“他说：”我自己的展望是，我们将面临更大的挑战，要让通胀率自信地保持在 2%、2.1% 或 2.2% 的范围内。“如果其他人对通胀率会在可持续的基础上走高更有信心，那么.更快地缩减通胀率可能是正确的道路”。</blockquote></p><p> Fed officials have yet to decidewhether to reduce their purchasesof Treasurys and mortgage-backed securities at the same pace.</p><p><blockquote>美联储官员尚未决定是否以同样的速度减少对美国国债和抵押贷款支持证券的购买。</blockquote></p><p> Mr. Rosengren said he would prefer to reduce them monthly by equal quantities. Because the Fed is buying twice as many Treasurys as mortgage-backed securities, that would result in mortgage-bond purchases ending in half the time as Treasury purchases.</p><p><blockquote>罗森格伦先生说，他更愿意每月减少等量的数量。由于美联储购买的国债数量是抵押贷款支持证券的两倍，这将导致抵押贷款债券购买的结束时间是国债购买的一半。</blockquote></p><p> Mr. Kaplan said he favors reducing the purchases of both types of bonds over the course of eight months, or by $10 billion for Treasurys and $5 billion for mortgage-backed securities a month. “That strikes me as the most prudent course: start soon, and go gradually, and for me, gradually means eight months,” he said.</p><p><blockquote>卡普兰表示，他赞成在八个月内减少购买这两种债券，即每月减少购买100亿美元的国债和50亿美元的抵押贷款支持证券。“他说：”在我看来，这是最谨慎的做法：尽快开始，循序渐进，对我来说，循序渐进意味着八个月。</blockquote></p><p> St. Louis Fed President James Bullard said he wants to start paring assets in October and conclude the program by March, reducing the purchases of Treasurys by $20 billion a month and mortgage bonds by $10 billion a month. Fed governor Christopher Waller has outlined a similar preference.</p><p><blockquote>圣路易斯联储主席詹姆斯·布拉德表示，他希望从10月份开始削减资产，并在3月份结束该计划，每月减少200亿美元的国债购买，每月减少100亿美元的抵押贷款债券购买。美联储理事克里斯托弗·沃勒也概述了类似的偏好。</blockquote></p><p> Even though “that would be a fairly rapid pullout of the asset-purchase program,” Mr. Bullard said in an interview last week that he thought it would give the Fed more flexibility to determine whether to raise rates later next year. “I don’t want to have to move too rapidly [to raise rates] because it can be very disruptive, so I think that the pace I’m suggesting would give us a lot more optionality in 2022 if we needed to use it.”</p><p><blockquote>尽管 “这将是资产购买计划相当迅速的退出”，但布拉德先生在上周接受采访时表示，他认为这将使美联储有更大的灵活性来决定是否在明年晚些时候加息。“我不想采取太快的行动（提高利率），因为这可能会造成很大的破坏性，所以我认为，如果我们需要在 2022 年使用它，我建议的速度会给我们更多的选择。”</blockquote></p><p> Mr. Kaplan said by reducing asset purchases sooner, the Fed might be able to wait longer before it has to raise interest rates. “By getting a more appropriate stance of monetary policy now or soon, it might actually allow you to be more flexible and be more patient on how you adjust the federal-funds rate down the road,” he said.</p><p><blockquote>卡普兰表示，通过尽快减少资产购买，美联储可能能够在不得不加息之前等待更长时间。“他说：”通过现在或不久采取更合适的货币政策立场，实际上可能会让你在今后如何调整联邦基金利率方面更加灵活和耐心。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/fed-officials-weigh-ending-asset-purchases-by-mid-2022-11629106200\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.wsj.com/articles/fed-officials-weigh-ending-asset-purchases-by-mid-2022-11629106200","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165935172","content_text":"Reducing bond buying sooner could provide more flexibility to raise interest rates if inflation stays high and unemployment falls rapidly.\n\nFederal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year.\nIn recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals.\nThe central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment.\nOfficials at their July 27-28 meetingdeliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions.\nThe answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022.\nFed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.”\nA recent run ofstrong hiring reportshave strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November.\n“I do expect we are going to be at the point where we’ve seen substantial further progress…probably later this year,” said Chicago Fed President Charles Evans in avirtual roundtable with reporterslast week.\nBoston Fed President Eric Rosengren said in an interview he expected to see by the Sept. 21-22 meeting enough job growth to meet the criteria for reducing bond purchases. “That would set up some time this fall a possible tapering that is dependent on the Delta variant and other variants not slowing down the labor market substantially,” he said in an interview last week. Mr. Rosengren said he hopes that if strong economic growth continues, “we’re done with the tapering program…towards the middle of next year.”\nThe Fed wound down its previous bond-buying program very gradually, reducing its purchases over the course of 10 months. But in December 2013, when it announced that it would soon start that process, the economy was weaker, with higher unemployment and low inflation.\nOfficials had another reason for caution back then because they were stunned by a surge in long-term Treasury yields, dubbed the “taper tantrum,” that occurred in the middle of 2013, after then-Chair Ben Bernanke suggested they might soon reduce their asset purchases.\nThe Fed now finds itself in a very different position. The economy is growing rapidly. Unemployment is much lower, at 5.4% in July.Inflation is much hotter. And bond yields have tumbled this year even as the central bank has discussed plans to reduce bond purchases.\nThe asset purchases aim to stimulate the economy by holding down long-term interest rates to spur borrowing and spending. Mr. Rosengren pointed to recentsurges in home pricesas evidence that the program may be nearing a point of diminishing returns. “If you can’t get housing materials and you can’t get construction workers to come back on site, but we do increase demand for housing, then it doesn’t do much for our employment mandate—but it does increase housing prices more than it otherwise would,” he said.\nDallas Fed President Robert Kaplan agreed. “These purchases are very well designed to stimulate demand, but we don’t have a demand problem,” he said in an interview. “In the aftermath of the Great Recession, we did. So I don’t want to use the playbook from 2009 to 2013.”\nSome other officials have argued for more patience. Fed governor Lael Brainard indicated last month she wanted to see September hiring data, which won’t be available until early October, before deciding. That would hold off any tapering until no sooner than the Fed’s Nov. 2-3 meeting.\nSan Francisco Fed President Mary Daly said in an interview last week she thinks the economy should support “beginning to taper later this year, or maybe next.” Labor markets are “really strong—getting stronger,” she said.\nMs. Daly said it was too soon to say how the Fed should reduce the purchases. “Those things haven’t been decided,” she said.\nLikewise, Mr. Evans didn’t say how soon he thought the Fed would need to wind down its purchases. He expects inflation to fall back to 2% by the end of next year, which would argue for less urgency to withdraw monetary stimulus.\n“My own outlook is, we’re gonna be more challenged in getting inflation to confidently stay up in the 2% or 2.1% or 2.2%” range, he said. “If others had more confidence that inflation was going to be higher on a sustainable basis, then that…quicker tapering could be the right path.”\nFed officials have yet to decidewhether to reduce their purchasesof Treasurys and mortgage-backed securities at the same pace.\nMr. Rosengren said he would prefer to reduce them monthly by equal quantities. Because the Fed is buying twice as many Treasurys as mortgage-backed securities, that would result in mortgage-bond purchases ending in half the time as Treasury purchases.\nMr. Kaplan said he favors reducing the purchases of both types of bonds over the course of eight months, or by $10 billion for Treasurys and $5 billion for mortgage-backed securities a month. “That strikes me as the most prudent course: start soon, and go gradually, and for me, gradually means eight months,” he said.\nSt. Louis Fed President James Bullard said he wants to start paring assets in October and conclude the program by March, reducing the purchases of Treasurys by $20 billion a month and mortgage bonds by $10 billion a month. Fed governor Christopher Waller has outlined a similar preference.\nEven though “that would be a fairly rapid pullout of the asset-purchase program,” Mr. Bullard said in an interview last week that he thought it would give the Fed more flexibility to determine whether to raise rates later next year. “I don’t want to have to move too rapidly [to raise rates] because it can be very disruptive, so I think that the pace I’m suggesting would give us a lot more optionality in 2022 if we needed to use it.”\nMr. Kaplan said by reducing asset purchases sooner, the Fed might be able to wait longer before it has to raise interest rates. “By getting a more appropriate stance of monetary policy now or soon, it might actually allow you to be more flexible and be more patient on how you adjust the federal-funds rate down the road,” he said.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890827097,"gmtCreate":1628093338919,"gmtModify":1633753638330,"author":{"id":"4090594976982710","authorId":"4090594976982710","name":"Anna79","avatar":"https://static.tigerbbs.com/15e28029cdd3aac4683d961154d6ab19","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4090594976982710","idStr":"4090594976982710"},"themes":[],"title":"","htmlText":"//<a href=\"https://laohu8.com/U/4090594976982710\">@Anna79</a>:😅","listText":"//<a href=\"https://laohu8.com/U/4090594976982710\">@Anna79</a>:😅","text":"//@Anna79:😅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890827097","repostId":"1127899199","repostType":4,"isVote":1,"tweetType":1,"viewCount":2236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}