michelcarroll/llama2-earnings-stock-prediction-fine-tune huggingface dataset:
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
We have looked at that, Julien. The problem is, again, if you want to sell it, return to the hedge, I suppose you could do that, but the values just aren't there. There is so much generation that is either explicitly or implicitly for sale in the market that -- and I don't feel like we have to do that. But if we found an opportunity to do that, that made some financial sense, we don't need to own all the megawatts that we have, and so we would consider that. But I'm not-we are not going to rush to that because we are not in a financial distress. And I think we are going to be a little more disciplined. I think I would rather look for ways to save money and to do things like that rather than to force a sale in the middle of a market that is not a particularly good market to sell assets in.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes. It's a good observation. It's picked up. It used to be 2s to 3s, and that's probably -- and it does vary by market probably 3s to 4s, and I'd say it would vary by market and also the larger the size of the space, usually the harder the push back, so like shallow bay too and other -- the larger the space and the longer the term of the lease, it makes sense, the tenants will push back a little harder on those escalations. So a 10-year lease with 4% escalators gets a lot more expensive to them than 35,000, 40,000 foot lease for a five-year deal. So they're definitely picking up, and that's why we like -- it's been interesting to see. I've noticed several of your peers focused, we do look at cash releasing spreads, but we like GAAP because the GAAP releasing spreads do capture that free rent and the escalators and we think those escalators moving into the 3s to 4s is going to be able to create a lot of value at this point in the cycle.

    Prediction (one of UP, DOWN, SAME): UP
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
So we -- the ratio for the year, we're targeting 12%, you know, in that ballpark is the way to think about it. And we have in the deck, we gave you a pretty clear indication of the cadence that once we're back on the air, which was in April, that the media will be on continuously for the -- basically for the balance of the year and the spending will be comparable in each of the quarters in an absolute dollar basis.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Well, clearly, we're always active from an M&A perspective. We've got a pretty good history of being able to execute and deliver on what we purchase. And so I would say that is a place that we'll continue to be active. That's my first point.
My second point is that prices have been pretty high. And when we've looked at assets, we don't often get a lot right now in this marketplace for the purchase price. We've had more of a bias toward buildings in this space of late. So we've been increasing and ramping our internal investment dollars, but we will continue to evaluate and look at assets, like we would normally do and go through the rigorous process that we would go through and make sure it fits both what we want to do strategically, but also hits our financial criteria.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Duane, this is Wade. Yes, obviously, we've talked about some of the things that we have on our books right now. We have the 21 CRJ700 for American. And 10 of those are going to come in the fourth quarter, then we also have some 175s. We're not going to give specific guidance right now. But there will be some improvement from where we're at today and where we anticipate in the fourth quarter. But we'll continue to update you as we see the demand recovery continues it's still a pretty fluid market out there.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Right.

    Prediction (one of UP, DOWN, SAME): UP
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes, we'll be releasing reserves resources in the coming weeks.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Thank you. We don't have any additional hand raisers in the queue. [Operator Instructions] Okay. Thank you for attending our first quarter earnings release. See you next time.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Sure. Well, as I mentioned, this is one of our best quarters as far as overall revenue is concerned. And that's a big focus of my team and our marketing messaging and so forth, is to ensure that enterprises and new logos see the value in CoreSite and the uniqueness it brings to helping them navigate the hybrid multi-cloud environment that's out there. We feel like we've got a very unique value proposition and the amount of networks and native on-ramps to those cloud providers that very few other providers have. And our messaging and our sales objectives are really to ensure that we attract and win more new logos as they become the basis for the overall growth of the company, which you saw in our typical results.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Thanks. Good morning. Just wanted to follow-up on the momentum in China. You guys have been highlighting this for several quarters. The numbers have been good. Curious about the retail distribution and kind of how, I guess, diverse and entrenched you are with the third parties, the banks and others in there. And maybe talk about if there are certain concentrations in the regions or partners or just a little more color on the distribution breadth that you have there.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yeah. So you're right. We got a good contribution from that in the September quarter. We did not this quarter, but we will again in the March quarter as tuition ramps up. It's mainly ACH, bigger ticket items. Parents tend to gravitate more to ACH. Hence, the profit contribution is thinner than normal business, but it will give us some pretty good volume in the March quarter.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Great, thanks so much.

    Prediction (one of UP, DOWN, SAME): UP
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Oh, thank you. No, we're not done. There's more to come. And I think you'll like what you see. We still have an engineering role, which we've highlighted as an important role, I think, for PG&E because we've spent so much time responding to crisis that I think there's been a loss of the ability to focus on the horizon to get focused on the future of the clean energy transformation and how that clean energy transformation overlaps with the need for wildfire prevention. And I think there's a really exciting opportunity where new technologies with the right engineering team can mitigate our multiple risks, supply shortages in the summer, wildfire mitigation as well as our clean energy transformation. And so we're definitely -- we've got some great names coming. I'm not going to -- we broken up news today. We'll be sharing the additional news here in the coming weeks of additional talent that's joining the team.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Thanks, Steve.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Thank you very much. Thank you.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yeah. I can hear you OK.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Good morning, Nigel.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
David, I wasn't -- in my comments, I wasn't talking about sales. I was talking about using social media to inform customers about products and promotions and other things, which [Inaudible] face-to-face time for actual selling. I don't really see social media sales as growing that much. I mean it's not much of a factor right now.
Now it might, but I think generally, by and large, the overwhelming use of electronic media via the franchisees are just that to try to orchestrate -- OK, I want you to know about this. So when I come in, I'm going to tell you why you need it, that kind of thing.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes. So as we go forward to 2023, we've got organic growth coming back up primarily with CoStar hitting it's low quarter, first quarter, and then rising for the rest of the year. So organic revenue growth would increase, will continue to add revenue in modest places as we have with acquisitions. And then our cost profile right now is pretty well a decision -- an investment decision profile every year. So we can still grow our costs 8%, 10% or a little more percent over the next couple of years. And that revenue growth will just bring that margin up. So it's all about the fixed cost leverage, maintaining that organic and increasing that organic revenue growth, which is -- the investments we put in place over the last year and then in this year that are creating these opportunities. So we've got the right fuel in there to get that revenue growth up. And then, it's a matter of monitoring that cost growth again between the 8% to 12% range over the next couple of years and we'll hit that 40%. So -- which is nice, we've been able to increase this year big ad campaigns for Ten-X and LoopNet.
Last year, we did it for Apartments, but still even with big increases in marketing every year, we can still grow our margins. So that scale of business and the leverage profile of the business now is really helping us do things that in the current and future environment, years ago would be scary and take a lot of our profit. Now they don't impact it nearly as much and it gives us a lot of firepower in all these sectors we're in.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Well, Frank, I think it's kind of something that we and investors can take a great -- I'd say more than confident, but have a very positive feeling about is that, it is very clear and government recognizes the importance of the data center industry. It's one of the seven categories of new infrastructure, which is essential to facilitate digital transformation. And on the back of that, there's been a series of policy documents at the national level, at the local level setting out, how the government will approach the allocation of resources to ensure a very healthy industry development. In these recent policy documents, there is -- it's very, I think, clearly expressed in terms of what the government's objectives are, what they want to see. And we feel that it, I'd use the expression again, plays to our strengths because the government wants to see more technologically advanced data centers, more reliable, more secure, more green, more power efficient, better integrated with the supply chain, more technological innovation. Government is not trying to engineer the kind of competitive landscape. That's not part of their thinking at all. But I think what they will do is ensure that sufficient resource is allocated to data centers to enable data centers in Tier 1 markets and in other locations, are not a bottleneck to digital transformation. There is sufficient capacity to support ambitious targets for digital transformation.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Hey, how is it going?

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Sure. I'll start with the first part, I guess, of the question. Mark, thanks for the question on capital. So capital has been a really good story for us, something that we're really focused on. A lot of efforts to have a more efficient balance sheet, and that journey started back in 2028 -- 2018 as we worked really hard to distribute that excess capital. So we're still in an excess capital position. I feel like we've been very thoughtful and disciplined in our approach up to this point.
We have decided to lower our internal target from 12.5% to 11.5%. And we plan to kind of work our way down to that level over time. Lowering the target to 11.5%, we feel still gives us a room to operate and execute our strategic plan. It gives us the opportunity to grow as well as absorb any stress in the portfolio, allow us to phase in CECL starting next year and the flexibility to distribute capital when the time is right, and we're allowed to do so.
So we think we've been good stewards of capital, and we have a track record, as I mentioned, since 2018 of doing that. We've returned $1 billion of capital in 2020. And when the time arise, we have approved it to DSO, we'll sit down with our Board and make the best decision for the company and all of our shareholders.

    Prediction (one of UP, DOWN, SAME): UP
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
It really depends on the channels and we look at each of the channels on a different framework. I would tell you that the direct-to-consumer channel, we're seeing margins in the low to mid 300s. The JV channels or our retail channels, we're seeing our margins coming in, say, the mid-400s. TPO has been, as I talked about, somewhat volatile in the context as margins continue to compress given the competitive pressures that we've seen.
And we are now basically sub-100 and then we've seen declines month-over-month. There's been a very, very, very steep decline in margins overall within the wholesale channel, and that's why it's so important for us to focus on alternative products, and Michael continues to talk about our non-QM franchise. And really, for us, it's a big push to make sure that we get that rolled out between us and as well as the partnership on the Caliber side. On the correspondent side, we have definitively seen kind of what we're hoping for, is a little bit more of a flattening of where we are with margins, and I would tell you that they probably range around 35 basis points, and it just really comes down to how your splits are and how you attach to the channel overall.
But I would tell you that they've also flattened out around that 35-basis-point range.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Sure. So we pretty much, Katy, passed on to the full-year guidance the entire beat in Q1. A couple of points on the investment front. You could see from some of the slides that we put forward, our investment in R&D and FSC, this has to continue, and we'll find adequate sources to fund investments in FSCs and R&D because we have to continue to fuel growth.
And this is part of our story, which is to rethink our cost structure in terms of back-office and front-of-house to drive growth and innovation by way of software. So I feel pretty good about that. With respect to also your modeling of EPS on a full-year basis, I want to take the opportunity to highlight what's going on at the OI&E level. OI&E was a positive contributor to EPS in this quarter.
This is just simply due to timing, particularly the contribution of economic interest from HPC. For the full year, we still see overall in OI&E $100 million expense. And this is why you may think that the guidance is flat H1 on H2. But don't forget the effect of OI&E coming in, in the second half of the year as an expense.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Sorry, sorry, I didn't catch that.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
We constantly work to maintain our O&M as flat as possible. And I think you'll see from our history that we're one of the better performing utilities in terms of being able to keep our O&M costs relatively flat. I think over the last several years, we've been about 1% CAGR on O&M. We do have significant opportunities to continue to do that looking forward. And that certainly is built into our growth plans, as well as our affordability go get for our two utilities.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Well, actually, Keith, I think the end of Q3 is generally the best time to do these kind of transitions. Actually, we did -- we've done our previous two sort of transitions: one, Godfrey to Doug; and then before that, the head of sales at the end of Q3. I think Q4 generally has a momentum of its own. So I think there's a lot of salespeople who are -- who've been working deals, hopefully, they bring to fruition in the fourth quarter.
So I think there's a momentum in Q4 that probably doesn't exist in any of the other quarters. So I think we certainly looked at that and considered that this was a good time to do it. And of course, yes, you always want to be able to promote from an internal management team, if possible. And certainly Splunk has done that in the past, but we weren't ready to do that at this particular time.
So it just didn't work out.

    Prediction (one of UP, DOWN, SAME): SAME