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Anna79

Anna79

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2021-11-19

Very headache [Cry]

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2021-11-15

😉😉

BMW and Audi May Have McLaren in Their Sights<blockquote>宝马和奥迪可能会瞄准迈凯伦</blockquote>

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>美联储官员权衡在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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information.</p><p><blockquote>据Automobilwoche周日报道，宝马和奥迪都在关注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，但没有具体说明从哪里获得信息。</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，Automobilwoche的文章是“错误的”。奥迪发言人回应称，该公司“经常考虑各种合作想法”，作为其“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>Automobilwoche称，宝马将于下月初与控制迈凯伦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，迈凯伦一直在努力修复其财务状况。7月，这家总部位于英国沃金的公司通过向新支持者Ares Management Corp.和沙特阿拉伯公共投资基金出售优先股和认股权证，从现有投资者那里筹集了5.5亿英镑（7.38亿美元）。它还通过债券发行筹集了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>宝马公司否认了《汽车周刊》有关其有兴趣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愿意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Automobilwoche周日报道，宝马和奥迪都在关注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，但没有具体说明从哪里获得信息。</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，Automobilwoche的文章是“错误的”。奥迪发言人回应称，该公司“经常考虑各种合作想法”，作为其“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>Automobilwoche称，宝马将于下月初与控制迈凯伦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，迈凯伦一直在努力修复其财务状况。7月，这家总部位于英国沃金的公司通过向新支持者Ares Management Corp.和沙特阿拉伯公共投资基金出售优先股和认股权证，从现有投资者那里筹集了5.5亿英镑（7.38亿美元）。它还通过债券发行筹集了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. 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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，尽早减少债券购买可以为加息提供更大的灵活性。如果经济持续复苏，美联储官员接近同意在大约三个月内开始缩减宽松货币政策，一些人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，一些人主张制定这一时间表，如果经济朝着他们的目标快速前进，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，将继续目前的债券购买步伐，直到官员们得出结论，他们在实现2%平均通胀率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日的会议上审议了两个重要问题：何时开始削减每月800亿美元国债和400亿美元抵押贷款证券的购买量，以及多快减少或缩减这些购买量。美联储将于周三发布会议纪要，可能会为这些讨论提供进一步线索。</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，因为美联储官员曾表示，他们更愿意在考虑何时从接近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>美联储主席鲍威尔在7月28日的新闻发布会上表示，美联储“距离考虑加息还有很长的路要走。这不是我们现在关注的事情”。</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增强了美联储在9月21日至22日的下一次会议上宣布开始缩减规模的意图的理由，可能最早在11月的下一次会议上。</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·埃文斯上周在与记者举行的虚拟圆桌会议上表示：“我确实预计我们将看到实质性的进一步进展……可能是在今年晚些时候。”</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Eric Rosengren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表示：“这将为今年秋季某个时候可能的缩减规模奠定基础，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量。”罗森格伦表示，他希望如果经济持续强劲增长，“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>美联储非常缓慢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，通胀更低。</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>官员们当时还有另一个谨慎的原因，因为他们对长期国债收益率飙升感到震惊，这被称为“缩减恐慌”，发生在2013年年中，当时的主席本·伯南克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截然不同的境地。经济快速增长。7月份失业率要低得多，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，但债券收益率今年仍大幅下跌。</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以刺激借贷和支出来刺激经济。罗森格伦先生指出，最近房价的飙升证明该计划可能接近回报递减点。“如果你无法获得住房材料，也无法让建筑工人回到现场，但我们确实增加了对住房的需求，那么这对我们的就业任务没有多大作用——但它确实会增加房价。否则，”他说。</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。他在接受采访时表示：“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。所以我不想使用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>其他一些官员主张要有更多的耐心。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，该数据要到10月初才能公布，然后再做出决定。这将使任何缩减购债规模推迟到美联储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——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还为时过早。“这些事情还没有决定，”她说。</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，埃文斯没有透露他认为美联储需要多快结束购买。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措施的紧迫性降低。</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>他表示：“我自己的前景是，我们将面临更大的挑战，让通胀率自信地保持在2%、2.1%或2.2%的范围内。”“如果其他人更有信心通胀将在可持续的基础上走高，那么……更快的缩减可能是正确的道路。”</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。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结束的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这两种债券的购买，即每月减少100亿美元的美国国债和50亿美元的抵押贷款支持证券。“在我看来，这是最谨慎的做法：尽快开始，然后逐步进行，对我来说，逐步意味着八个月，”他说。</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200亿美元的美国国债购买量，每月减少100亿美元的抵押贷款债券购买量。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“这将是相当迅速地退出资产购买计划”，但布拉德在上周接受采访时表示，他认为这将使美联储在决定明年晚些时候是否加息方面具有更大的灵活性。“我不想（加息）行动太快，因为这可能具有很大的破坏性，所以我认为，如果我们需要使用它，我建议的步伐将在2022年为我们提供更多选择。”</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，通过更快地减少资产购买，美联储可能能够等待更长时间才能加息。他表示：“通过现在或很快采取更适当的货币政策立场，实际上可能会让你在未来如何调整联邦基金利率方面更加灵活、更加耐心。”</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>美联储官员权衡在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>美联储官员权衡在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，尽早减少债券购买可以为加息提供更大的灵活性。如果经济持续复苏，美联储官员接近同意在大约三个月内开始缩减宽松货币政策，一些人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，一些人主张制定这一时间表，如果经济朝着他们的目标快速前进，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，将继续目前的债券购买步伐，直到官员们得出结论，他们在实现2%平均通胀率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日的会议上审议了两个重要问题：何时开始削减每月800亿美元国债和400亿美元抵押贷款证券的购买量，以及多快减少或缩减这些购买量。美联储将于周三发布会议纪要，可能会为这些讨论提供进一步线索。</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，因为美联储官员曾表示，他们更愿意在考虑何时从接近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>美联储主席鲍威尔在7月28日的新闻发布会上表示，美联储“距离考虑加息还有很长的路要走。这不是我们现在关注的事情”。</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增强了美联储在9月21日至22日的下一次会议上宣布开始缩减规模的意图的理由，可能最早在11月的下一次会议上。</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·埃文斯上周在与记者举行的虚拟圆桌会议上表示：“我确实预计我们将看到实质性的进一步进展……可能是在今年晚些时候。”</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Eric Rosengren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表示：“这将为今年秋季某个时候可能的缩减规模奠定基础，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量。”罗森格伦表示，他希望如果经济持续强劲增长，“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>美联储非常缓慢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，通胀更低。</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>官员们当时还有另一个谨慎的原因，因为他们对长期国债收益率飙升感到震惊，这被称为“缩减恐慌”，发生在2013年年中，当时的主席本·伯南克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截然不同的境地。经济快速增长。7月份失业率要低得多，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，但债券收益率今年仍大幅下跌。</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以刺激借贷和支出来刺激经济。罗森格伦先生指出，最近房价的飙升证明该计划可能接近回报递减点。“如果你无法获得住房材料，也无法让建筑工人回到现场，但我们确实增加了对住房的需求，那么这对我们的就业任务没有多大作用——但它确实会增加房价。否则，”他说。</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。他在接受采访时表示：“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。所以我不想使用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>其他一些官员主张要有更多的耐心。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，该数据要到10月初才能公布，然后再做出决定。这将使任何缩减购债规模推迟到美联储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——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还为时过早。“这些事情还没有决定，”她说。</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，埃文斯没有透露他认为美联储需要多快结束购买。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措施的紧迫性降低。</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>他表示：“我自己的前景是，我们将面临更大的挑战，让通胀率自信地保持在2%、2.1%或2.2%的范围内。”“如果其他人更有信心通胀将在可持续的基础上走高，那么……更快的缩减可能是正确的道路。”</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。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结束的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这两种债券的购买，即每月减少100亿美元的美国国债和50亿美元的抵押贷款支持证券。“在我看来，这是最谨慎的做法：尽快开始，然后逐步进行，对我来说，逐步意味着八个月，”他说。</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200亿美元的美国国债购买量，每月减少100亿美元的抵押贷款债券购买量。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“这将是相当迅速地退出资产购买计划”，但布拉德在上周接受采访时表示，他认为这将使美联储在决定明年晚些时候是否加息方面具有更大的灵活性。“我不想（加息）行动太快，因为这可能具有很大的破坏性，所以我认为，如果我们需要使用它，我建议的步伐将在2022年为我们提供更多选择。”</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，通过更快地减少资产购买，美联储可能能够等待更长时间才能加息。他表示：“通过现在或很快采取更适当的货币政策立场，实际上可能会让你在未来如何调整联邦基金利率方面更加灵活、更加耐心。”</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"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,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1569,"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":[],"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，我介绍了一些鲜为人知的细节，包括领导层对收益看涨期权的评论。</li><li>第三，深入了解亚历克斯·卡普薪酬的一些重要细节，包括他的内幕销售活动；领导层已经准备好了回应。</li><li>最后，我访问了我关注的几个指标，包括基于股票的薪酬、边际贡献和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock来自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Palantir(PLTR)刚刚报告了2021年第二季度业绩强劲的消息。我确信将会有大量的实证结果报道，包括巨大的增长和增加的现金流前景。</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，我将重点介绍这些数字，然后我将转向收益看涨期权上直接出现的一些让我感到惊讶的事情。</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，商业收入增长了令人瞠目结舌的90%，因为这是看空者抱怨的领域。这在很大程度上粉碎了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，但我喜欢直率地看待交易规模，<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，看起来第三季度的表现会相当不错。销售额预计比预期高出约500万美元。而且，正如我已经提到的，PLTR提高了自由现金流前景。需要明确的是，增幅相当大，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，但有一点是非常清楚的——<i>我预计增长不会放缓</i>.而且，根据演示和收益看涨期权，预计今年的增长率将达到30%或更高，然后到2025年。</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，第一季度的收入同比增长了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。这是连续两个季度达到49%。正是出于这个原因，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%的增长并不能削减它。如果“仅”增长30%，我们不可能在2025年达到40亿美元。PLTR可能会降低预期。很难确定。也可能是他们预计2022年至2025年的增长会更快。我将不得不在未来的文章中更深入地探讨当前和未来的增长预测与已经出现的硬数据之间的确切关系。就目前而言，我的观点很简单，他们已经将标准设定在一个合理但保守的水平，看到这样的节拍并不太令人震惊，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，除了新客户获取外，PLTR前20名客户的收入美元价值持续上升。</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，这是值得关注的，因为它给了我们一些信心<i>顾客很高兴，他们坚持下去</i>.这不是一个完美的指标，但它仍然很好，因为不满意的客户不会一遍又一遍地继续支付PLTR。其他公司倾向于要么过于关注榨取现有的“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不断增长的指标。这是一种微妙但关键的平衡。我会在第三季度继续看这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在第一季度，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>我们看到了公司从第一天起就围绕foundry构建数字基础设施的机会，他们可以通过经济高效地站在15年和超过20亿美元的R&amp;D的肩膀上，减少数年的坡道和路线图上的风险。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的第一枪。在第二季度，PLTR领导层继续推动这一主题，例如强调Roivant、Celularity和Wejo。这个想法是让这些公司在刚刚起步或非常小的时候使用Foundry。他们将代工视为这些业务的“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>支撑着这股推力，<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营销人员的数量，但并没有大幅增加。也就是说，他们的管道正在加速，自4月底以来，活跃的商业试点增加了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，我很快听到领导说他们已经还清了欠款，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有一种亲和力。有可能我没有理解关于看涨期权的评论，但我很确定我是对的。我查看了Q2 2021年业务演示，但没有看到任何关于这方面的注释，因此我将不得不在稍后重新讨论这一点。但是，我想我做对了，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·卡普的高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，先介绍一下CNBC在2021年4月报道的一些快速背景：</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。Palantir在周四提交的委托书中表示，卡普的大部分薪酬与价值7.979亿美元的期权挂钩，另外2.964亿美元用于股票奖励。这一巨额计划是去年达成的股权激励计划的结果，为卡普提供了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，这里的行动是相当激烈的，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释一下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。这些期权是“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一致。换句话说，<i>卡普的抛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，不算太差，但也不算疯狂。显然，PLTR股票和期权推动了他令人难以置信的薪酬方案。然而，跟踪这一点有点令人沮丧，当期权授予、行使然后出售时，还需要支付巨额税款。因此，在某种程度上，卡普必须完成行使长期期权的过程，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，所有这些都是在说两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并不能说明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的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，看起来也应该很强劲：</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>而且，很快，根据我上一篇文章：</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领域的强劲增长。考虑到2021年第一季度49%的高增长标准，我将关注第二季度的增长。我将关注剩余交易总价值，第一季度末约为28亿美元（同比增长40%）。我预计贡献率将保持在较高水平，希望在第二季度超过60%。<ul><li>基于股票的薪酬增加。我将在以后的文章中更仔细地回顾这一点。它仍然是我的眼中钉。几乎每张图表的脚注中都有这样的短语：<i>“……不包括股票薪酬和相关雇主工资税。”</i>这是我对PLTR的头号问题。</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，长期客户不断坚持和消费，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，我介绍了一些鲜为人知的细节，包括领导层对收益看涨期权的评论。</li><li>第三，深入了解亚历克斯·卡普薪酬的一些重要细节，包括他的内幕销售活动；领导层已经准备好了回应。</li><li>最后，我访问了我关注的几个指标，包括基于股票的薪酬、边际贡献和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock来自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Palantir(PLTR)刚刚报告了2021年第二季度业绩强劲的消息。我确信将会有大量的实证结果报道，包括巨大的增长和增加的现金流前景。</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，我将重点介绍这些数字，然后我将转向收益看涨期权上直接出现的一些让我感到惊讶的事情。</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，商业收入增长了令人瞠目结舌的90%，因为这是看空者抱怨的领域。这在很大程度上粉碎了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，但我喜欢直率地看待交易规模，<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，看起来第三季度的表现会相当不错。销售额预计比预期高出约500万美元。而且，正如我已经提到的，PLTR提高了自由现金流前景。需要明确的是，增幅相当大，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，但有一点是非常清楚的——<i>我预计增长不会放缓</i>.而且，根据演示和收益看涨期权，预计今年的增长率将达到30%或更高，然后到2025年。</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，第一季度的收入同比增长了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。这是连续两个季度达到49%。正是出于这个原因，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%的增长并不能削减它。如果“仅”增长30%，我们不可能在2025年达到40亿美元。PLTR可能会降低预期。很难确定。也可能是他们预计2022年至2025年的增长会更快。我将不得不在未来的文章中更深入地探讨当前和未来的增长预测与已经出现的硬数据之间的确切关系。就目前而言，我的观点很简单，他们已经将标准设定在一个合理但保守的水平，看到这样的节拍并不太令人震惊，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，除了新客户获取外，PLTR前20名客户的收入美元价值持续上升。</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，这是值得关注的，因为它给了我们一些信心<i>顾客很高兴，他们坚持下去</i>.这不是一个完美的指标，但它仍然很好，因为不满意的客户不会一遍又一遍地继续支付PLTR。其他公司倾向于要么过于关注榨取现有的“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不断增长的指标。这是一种微妙但关键的平衡。我会在第三季度继续看这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在第一季度，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>我们看到了公司从第一天起就围绕foundry构建数字基础设施的机会，他们可以通过经济高效地站在15年和超过20亿美元的R&amp;D的肩膀上，减少数年的坡道和路线图上的风险。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的第一枪。在第二季度，PLTR领导层继续推动这一主题，例如强调Roivant、Celularity和Wejo。这个想法是让这些公司在刚刚起步或非常小的时候使用Foundry。他们将代工视为这些业务的“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>支撑着这股推力，<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营销人员的数量，但并没有大幅增加。也就是说，他们的管道正在加速，自4月底以来，活跃的商业试点增加了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，我很快听到领导说他们已经还清了欠款，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有一种亲和力。有可能我没有理解关于看涨期权的评论，但我很确定我是对的。我查看了Q2 2021年业务演示，但没有看到任何关于这方面的注释，因此我将不得不在稍后重新讨论这一点。但是，我想我做对了，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·卡普的高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，先介绍一下CNBC在2021年4月报道的一些快速背景：</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。Palantir在周四提交的委托书中表示，卡普的大部分薪酬与价值7.979亿美元的期权挂钩，另外2.964亿美元用于股票奖励。这一巨额计划是去年达成的股权激励计划的结果，为卡普提供了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，这里的行动是相当激烈的，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释一下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。这些期权是“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一致。换句话说，<i>卡普的抛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，不算太差，但也不算疯狂。显然，PLTR股票和期权推动了他令人难以置信的薪酬方案。然而，跟踪这一点有点令人沮丧，当期权授予、行使然后出售时，还需要支付巨额税款。因此，在某种程度上，卡普必须完成行使长期期权的过程，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，所有这些都是在说两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并不能说明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的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，看起来也应该很强劲：</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>而且，很快，根据我上一篇文章：</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领域的强劲增长。考虑到2021年第一季度49%的高增长标准，我将关注第二季度的增长。我将关注剩余交易总价值，第一季度末约为28亿美元（同比增长40%）。我预计贡献率将保持在较高水平，希望在第二季度超过60%。<ul><li>基于股票的薪酬增加。我将在以后的文章中更仔细地回顾这一点。它仍然是我的眼中钉。几乎每张图表的脚注中都有这样的短语：<i>“……不包括股票薪酬和相关雇主工资税。”</i>这是我对PLTR的头号问题。</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，长期客户不断坚持和消费，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":2087,"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":[],"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":1248,"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":[],"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":1376,"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":[],"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":1376,"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":[],"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":2564,"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":[],"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>宝马公司否认了《汽车周刊》有关其有兴趣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愿意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Automobilwoche周日报道，宝马和奥迪都在关注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，但没有具体说明从哪里获得信息。</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，Automobilwoche的文章是“错误的”。奥迪发言人回应称，该公司“经常考虑各种合作想法”，作为其“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>Automobilwoche称，宝马将于下月初与控制迈凯伦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，迈凯伦一直在努力修复其财务状况。7月，这家总部位于英国沃金的公司通过向新支持者Ares Management Corp.和沙特阿拉伯公共投资基金出售优先股和认股权证，从现有投资者那里筹集了5.5亿英镑（7.38亿美元）。它还通过债券发行筹集了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>宝马公司否认了《汽车周刊》有关其有兴趣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愿意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Automobilwoche周日报道，宝马和奥迪都在关注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，但没有具体说明从哪里获得信息。</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，Automobilwoche的文章是“错误的”。奥迪发言人回应称，该公司“经常考虑各种合作想法”，作为其“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>Automobilwoche称，宝马将于下月初与控制迈凯伦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，迈凯伦一直在努力修复其财务状况。7月，这家总部位于英国沃金的公司通过向新支持者Ares Management Corp.和沙特阿拉伯公共投资基金出售优先股和认股权证，从现有投资者那里筹集了5.5亿英镑（7.38亿美元）。它还通过债券发行筹集了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":2215,"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":[],"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，我介绍了一些鲜为人知的细节，包括领导层对收益看涨期权的评论。</li><li>第三，深入了解亚历克斯·卡普薪酬的一些重要细节，包括他的内幕销售活动；领导层已经准备好了回应。</li><li>最后，我访问了我关注的几个指标，包括基于股票的薪酬、边际贡献和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock来自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Palantir(PLTR)刚刚报告了2021年第二季度业绩强劲的消息。我确信将会有大量的实证结果报道，包括巨大的增长和增加的现金流前景。</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，我将重点介绍这些数字，然后我将转向收益看涨期权上直接出现的一些让我感到惊讶的事情。</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，商业收入增长了令人瞠目结舌的90%，因为这是看空者抱怨的领域。这在很大程度上粉碎了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，但我喜欢直率地看待交易规模，<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，看起来第三季度的表现会相当不错。销售额预计比预期高出约500万美元。而且，正如我已经提到的，PLTR提高了自由现金流前景。需要明确的是，增幅相当大，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，但有一点是非常清楚的——<i>我预计增长不会放缓</i>.而且，根据演示和收益看涨期权，预计今年的增长率将达到30%或更高，然后到2025年。</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，第一季度的收入同比增长了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。这是连续两个季度达到49%。正是出于这个原因，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%的增长并不能削减它。如果“仅”增长30%，我们不可能在2025年达到40亿美元。PLTR可能会降低预期。很难确定。也可能是他们预计2022年至2025年的增长会更快。我将不得不在未来的文章中更深入地探讨当前和未来的增长预测与已经出现的硬数据之间的确切关系。就目前而言，我的观点很简单，他们已经将标准设定在一个合理但保守的水平，看到这样的节拍并不太令人震惊，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，除了新客户获取外，PLTR前20名客户的收入美元价值持续上升。</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，这是值得关注的，因为它给了我们一些信心<i>顾客很高兴，他们坚持下去</i>.这不是一个完美的指标，但它仍然很好，因为不满意的客户不会一遍又一遍地继续支付PLTR。其他公司倾向于要么过于关注榨取现有的“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不断增长的指标。这是一种微妙但关键的平衡。我会在第三季度继续看这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在第一季度，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>我们看到了公司从第一天起就围绕foundry构建数字基础设施的机会，他们可以通过经济高效地站在15年和超过20亿美元的R&amp;D的肩膀上，减少数年的坡道和路线图上的风险。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的第一枪。在第二季度，PLTR领导层继续推动这一主题，例如强调Roivant、Celularity和Wejo。这个想法是让这些公司在刚刚起步或非常小的时候使用Foundry。他们将代工视为这些业务的“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>支撑着这股推力，<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营销人员的数量，但并没有大幅增加。也就是说，他们的管道正在加速，自4月底以来，活跃的商业试点增加了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，我很快听到领导说他们已经还清了欠款，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有一种亲和力。有可能我没有理解关于看涨期权的评论，但我很确定我是对的。我查看了Q2 2021年业务演示，但没有看到任何关于这方面的注释，因此我将不得不在稍后重新讨论这一点。但是，我想我做对了，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·卡普的高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，先介绍一下CNBC在2021年4月报道的一些快速背景：</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。Palantir在周四提交的委托书中表示，卡普的大部分薪酬与价值7.979亿美元的期权挂钩，另外2.964亿美元用于股票奖励。这一巨额计划是去年达成的股权激励计划的结果，为卡普提供了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，这里的行动是相当激烈的，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释一下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。这些期权是“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一致。换句话说，<i>卡普的抛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，不算太差，但也不算疯狂。显然，PLTR股票和期权推动了他令人难以置信的薪酬方案。然而，跟踪这一点有点令人沮丧，当期权授予、行使然后出售时，还需要支付巨额税款。因此，在某种程度上，卡普必须完成行使长期期权的过程，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，所有这些都是在说两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并不能说明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的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，看起来也应该很强劲：</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>而且，很快，根据我上一篇文章：</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领域的强劲增长。考虑到2021年第一季度49%的高增长标准，我将关注第二季度的增长。我将关注剩余交易总价值，第一季度末约为28亿美元（同比增长40%）。我预计贡献率将保持在较高水平，希望在第二季度超过60%。<ul><li>基于股票的薪酬增加。我将在以后的文章中更仔细地回顾这一点。它仍然是我的眼中钉。几乎每张图表的脚注中都有这样的短语：<i>“……不包括股票薪酬和相关雇主工资税。”</i>这是我对PLTR的头号问题。</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，长期客户不断坚持和消费，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，我介绍了一些鲜为人知的细节，包括领导层对收益看涨期权的评论。</li><li>第三，深入了解亚历克斯·卡普薪酬的一些重要细节，包括他的内幕销售活动；领导层已经准备好了回应。</li><li>最后，我访问了我关注的几个指标，包括基于股票的薪酬、边际贡献和交易价值。</li></ul><p class=\"t-img-caption\"><span>zirconicusso/iStock来自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Palantir(PLTR)刚刚报告了2021年第二季度业绩强劲的消息。我确信将会有大量的实证结果报道，包括巨大的增长和增加的现金流前景。</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，我将重点介绍这些数字，然后我将转向收益看涨期权上直接出现的一些让我感到惊讶的事情。</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，商业收入增长了令人瞠目结舌的90%，因为这是看空者抱怨的领域。这在很大程度上粉碎了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，但我喜欢直率地看待交易规模，<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，看起来第三季度的表现会相当不错。销售额预计比预期高出约500万美元。而且，正如我已经提到的，PLTR提高了自由现金流前景。需要明确的是，增幅相当大，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，但有一点是非常清楚的——<i>我预计增长不会放缓</i>.而且，根据演示和收益看涨期权，预计今年的增长率将达到30%或更高，然后到2025年。</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，第一季度的收入同比增长了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。这是连续两个季度达到49%。正是出于这个原因，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%的增长并不能削减它。如果“仅”增长30%，我们不可能在2025年达到40亿美元。PLTR可能会降低预期。很难确定。也可能是他们预计2022年至2025年的增长会更快。我将不得不在未来的文章中更深入地探讨当前和未来的增长预测与已经出现的硬数据之间的确切关系。就目前而言，我的观点很简单，他们已经将标准设定在一个合理但保守的水平，看到这样的节拍并不太令人震惊，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，除了新客户获取外，PLTR前20名客户的收入美元价值持续上升。</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，这是值得关注的，因为它给了我们一些信心<i>顾客很高兴，他们坚持下去</i>.这不是一个完美的指标，但它仍然很好，因为不满意的客户不会一遍又一遍地继续支付PLTR。其他公司倾向于要么过于关注榨取现有的“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不断增长的指标。这是一种微妙但关键的平衡。我会在第三季度继续看这个。</blockquote></p><p> Fifth,in Q1, we heard about \"Day Zero\" customers. Here's a taste:</p><p><blockquote>第五，在第一季度，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>我们看到了公司从第一天起就围绕foundry构建数字基础设施的机会，他们可以通过经济高效地站在15年和超过20亿美元的R&amp;D的肩膀上，减少数年的坡道和路线图上的风险。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的第一枪。在第二季度，PLTR领导层继续推动这一主题，例如强调Roivant、Celularity和Wejo。这个想法是让这些公司在刚刚起步或非常小的时候使用Foundry。他们将代工视为这些业务的“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>支撑着这股推力，<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营销人员的数量，但并没有大幅增加。也就是说，他们的管道正在加速，自4月底以来，活跃的商业试点增加了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，我很快听到领导说他们已经还清了欠款，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有一种亲和力。有可能我没有理解关于看涨期权的评论，但我很确定我是对的。我查看了Q2 2021年业务演示，但没有看到任何关于这方面的注释，因此我将不得不在稍后重新讨论这一点。但是，我想我做对了，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·卡普的高管薪酬的问题，特别是关于无情的内幕交易。在我开始之前，先介绍一下CNBC在2021年4月报道的一些快速背景：</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。Palantir在周四提交的委托书中表示，卡普的大部分薪酬与价值7.979亿美元的期权挂钩，另外2.964亿美元用于股票奖励。这一巨额计划是去年达成的股权激励计划的结果，为卡普提供了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，这里的行动是相当激烈的，这就是为什么它被提出来考虑。现在，为了简单起见，我将解释一下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。这些期权是“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一致。换句话说，<i>卡普的抛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，不算太差，但也不算疯狂。显然，PLTR股票和期权推动了他令人难以置信的薪酬方案。然而，跟踪这一点有点令人沮丧，当期权授予、行使然后出售时，还需要支付巨额税款。因此，在某种程度上，卡普必须完成行使长期期权的过程，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，所有这些都是在说两件事。卡普赚了很多钱，但与此同时，他并没有放弃PLTR。在我看来，他的出售并不能说明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的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，看起来也应该很强劲：</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>而且，很快，根据我上一篇文章：</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领域的强劲增长。考虑到2021年第一季度49%的高增长标准，我将关注第二季度的增长。我将关注剩余交易总价值，第一季度末约为28亿美元（同比增长40%）。我预计贡献率将保持在较高水平，希望在第二季度超过60%。<ul><li>基于股票的薪酬增加。我将在以后的文章中更仔细地回顾这一点。它仍然是我的眼中钉。几乎每张图表的脚注中都有这样的短语：<i>“……不包括股票薪酬和相关雇主工资税。”</i>这是我对PLTR的头号问题。</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，长期客户不断坚持和消费，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":2087,"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":[],"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>美联储官员权衡在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，尽早减少债券购买可以为加息提供更大的灵活性。如果经济持续复苏，美联储官员接近同意在大约三个月内开始缩减宽松货币政策，一些人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，一些人主张制定这一时间表，如果经济朝着他们的目标快速前进，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，将继续目前的债券购买步伐，直到官员们得出结论，他们在实现2%平均通胀率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日的会议上审议了两个重要问题：何时开始削减每月800亿美元国债和400亿美元抵押贷款证券的购买量，以及多快减少或缩减这些购买量。美联储将于周三发布会议纪要，可能会为这些讨论提供进一步线索。</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，因为美联储官员曾表示，他们更愿意在考虑何时从接近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>美联储主席鲍威尔在7月28日的新闻发布会上表示，美联储“距离考虑加息还有很长的路要走。这不是我们现在关注的事情”。</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增强了美联储在9月21日至22日的下一次会议上宣布开始缩减规模的意图的理由，可能最早在11月的下一次会议上。</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·埃文斯上周在与记者举行的虚拟圆桌会议上表示：“我确实预计我们将看到实质性的进一步进展……可能是在今年晚些时候。”</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Eric Rosengren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表示：“这将为今年秋季某个时候可能的缩减规模奠定基础，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量。”罗森格伦表示，他希望如果经济持续强劲增长，“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>美联储非常缓慢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，通胀更低。</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>官员们当时还有另一个谨慎的原因，因为他们对长期国债收益率飙升感到震惊，这被称为“缩减恐慌”，发生在2013年年中，当时的主席本·伯南克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截然不同的境地。经济快速增长。7月份失业率要低得多，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，但债券收益率今年仍大幅下跌。</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以刺激借贷和支出来刺激经济。罗森格伦先生指出，最近房价的飙升证明该计划可能接近回报递减点。“如果你无法获得住房材料，也无法让建筑工人回到现场，但我们确实增加了对住房的需求，那么这对我们的就业任务没有多大作用——但它确实会增加房价。否则，”他说。</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。他在接受采访时表示：“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。所以我不想使用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>其他一些官员主张要有更多的耐心。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，该数据要到10月初才能公布，然后再做出决定。这将使任何缩减购债规模推迟到美联储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——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还为时过早。“这些事情还没有决定，”她说。</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，埃文斯没有透露他认为美联储需要多快结束购买。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措施的紧迫性降低。</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>他表示：“我自己的前景是，我们将面临更大的挑战，让通胀率自信地保持在2%、2.1%或2.2%的范围内。”“如果其他人更有信心通胀将在可持续的基础上走高，那么……更快的缩减可能是正确的道路。”</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。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结束的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这两种债券的购买，即每月减少100亿美元的美国国债和50亿美元的抵押贷款支持证券。“在我看来，这是最谨慎的做法：尽快开始，然后逐步进行，对我来说，逐步意味着八个月，”他说。</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200亿美元的美国国债购买量，每月减少100亿美元的抵押贷款债券购买量。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“这将是相当迅速地退出资产购买计划”，但布拉德在上周接受采访时表示，他认为这将使美联储在决定明年晚些时候是否加息方面具有更大的灵活性。“我不想（加息）行动太快，因为这可能具有很大的破坏性，所以我认为，如果我们需要使用它，我建议的步伐将在2022年为我们提供更多选择。”</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，通过更快地减少资产购买，美联储可能能够等待更长时间才能加息。他表示：“通过现在或很快采取更适当的货币政策立场，实际上可能会让你在未来如何调整联邦基金利率方面更加灵活、更加耐心。”</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>美联储官员权衡在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>美联储官员权衡在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，尽早减少债券购买可以为加息提供更大的灵活性。如果经济持续复苏，美联储官员接近同意在大约三个月内开始缩减宽松货币政策，一些人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，一些人主张制定这一时间表，如果经济朝着他们的目标快速前进，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，将继续目前的债券购买步伐，直到官员们得出结论，他们在实现2%平均通胀率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日的会议上审议了两个重要问题：何时开始削减每月800亿美元国债和400亿美元抵押贷款证券的购买量，以及多快减少或缩减这些购买量。美联储将于周三发布会议纪要，可能会为这些讨论提供进一步线索。</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，因为美联储官员曾表示，他们更愿意在考虑何时从接近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>美联储主席鲍威尔在7月28日的新闻发布会上表示，美联储“距离考虑加息还有很长的路要走。这不是我们现在关注的事情”。</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增强了美联储在9月21日至22日的下一次会议上宣布开始缩减规模的意图的理由，可能最早在11月的下一次会议上。</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·埃文斯上周在与记者举行的虚拟圆桌会议上表示：“我确实预计我们将看到实质性的进一步进展……可能是在今年晚些时候。”</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Eric Rosengren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表示：“这将为今年秋季某个时候可能的缩减规模奠定基础，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量。”罗森格伦表示，他希望如果经济持续强劲增长，“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>美联储非常缓慢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，通胀更低。</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>官员们当时还有另一个谨慎的原因，因为他们对长期国债收益率飙升感到震惊，这被称为“缩减恐慌”，发生在2013年年中，当时的主席本·伯南克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截然不同的境地。经济快速增长。7月份失业率要低得多，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，但债券收益率今年仍大幅下跌。</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以刺激借贷和支出来刺激经济。罗森格伦先生指出，最近房价的飙升证明该计划可能接近回报递减点。“如果你无法获得住房材料，也无法让建筑工人回到现场，但我们确实增加了对住房的需求，那么这对我们的就业任务没有多大作用——但它确实会增加房价。否则，”他说。</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。他在接受采访时表示：“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。所以我不想使用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>其他一些官员主张要有更多的耐心。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，该数据要到10月初才能公布，然后再做出决定。这将使任何缩减购债规模推迟到美联储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——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还为时过早。“这些事情还没有决定，”她说。</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，埃文斯没有透露他认为美联储需要多快结束购买。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措施的紧迫性降低。</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>他表示：“我自己的前景是，我们将面临更大的挑战，让通胀率自信地保持在2%、2.1%或2.2%的范围内。”“如果其他人更有信心通胀将在可持续的基础上走高，那么……更快的缩减可能是正确的道路。”</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。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结束的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这两种债券的购买，即每月减少100亿美元的美国国债和50亿美元的抵押贷款支持证券。“在我看来，这是最谨慎的做法：尽快开始，然后逐步进行，对我来说，逐步意味着八个月，”他说。</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200亿美元的美国国债购买量，每月减少100亿美元的抵押贷款债券购买量。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“这将是相当迅速地退出资产购买计划”，但布拉德在上周接受采访时表示，他认为这将使美联储在决定明年晚些时候是否加息方面具有更大的灵活性。“我不想（加息）行动太快，因为这可能具有很大的破坏性，所以我认为，如果我们需要使用它，我建议的步伐将在2022年为我们提供更多选择。”</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，通过更快地减少资产购买，美联储可能能够等待更长时间才能加息。他表示：“通过现在或很快采取更适当的货币政策立场，实际上可能会让你在未来如何调整联邦基金利率方面更加灵活、更加耐心。”</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"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,".SPX":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1569,"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":[],"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":1607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}