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
 
Yeah. Sure. So these are going to be small allocations. But again, our focus on the wide frame of reference kind of benefits from Barings LLC's very, very wide and our parent's very, very wide investment frame of reference.
So in certain segments, you'll find that there is unique access to consumer deal flow, certainly not in large amounts, and you can see that the Waccamaw joint venture itself is relatively small and also has attracted third-party capital. But our focus would be on certain categories where our frame of reference allows us to invest alongside a number of origination units that are accessing niche areas of the market. And in some cases, it can be tied to vocational school-style lending, right, as it relates to coding schools or there are areas where certainly there are very low loss rates and very attractive investments. And that can be driven just by the fact that our funnel, right, in Barings'  relationships with a number of originators, both commercial and consumer is very, very attractive given what we offer them and how they want to partner with us.
So short answer, it's also a small investment, but our focus here is, again, making sure that we have a particularly wide frame because both consumer and commercial risk can work together provided that you don't over accentuate or overemphasize one or another.

    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
 
Yeah. I'm still pretty bullish on where operating margins are going to go. The reason that we haven't talked about that recently is because of myopia management. That's thrown, if you will, kind of a wrinkle into things.
And that there's such a great long-term opportunity there for growth. And we're investing pretty heavily right now. So, that's obviously fairly dilutive to our operating margins. But I do believe that as we move forward in the coming years, and the myopia management business continues to grow, you're going to see the op margins on that part of our business really ramp themselves up.
So, at some point, probably, I don't know, maybe the end of next year at some point, Kim asked me about that operating margin and putting it back in the presentations and stuff, we'll probably get there. It's just a matter of getting more comfortable where the myopia management is because right now, it's really growth, growth, growth. 

    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, maybe I comment on volume and then we'll turn to cost. We were really pleased with the growth that we saw in our SMB customer in the second quarter. Last year, SMBs in the United States made up about 20% of our total revenue. This year, they make up more than 27% of our total revenue.
So we think that the capabilities that we are investing to grow this very important customer segment, well they're working. Now if you look at the breakdown of SMB, 50% of the revenue was for commercial, 50% of the revenue was for residential delivery. So you can see a shift within SMBs, what you would expect as the economy start to reopen, and we were very pleased with the growth that we saw in our commercial business. Looking ahead, we would expect the volume trends to be about the same in the third quarter.
And we're not getting into the process of giving you quarterly guidance, but we would expect the volume trends to be about the same in the third quarter and then volume up in the fourth quarter as we head into peak. Brian, comments on costs?

    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
 
In the fourth quarter, both our Commercial and Medicare businesses in aggregate saw a total claim cost that were modestly above the seasonal baseline.

    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, no, we really look -- price increases are really about our input cost and demand.

    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
 
Hi, good afternoon.

    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, Alex.

    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
 
I'll take the latter part of that. With respect to Malaysia, we're clearly well into that project making great progress. We have a building in place as we exit the year with plans in place to have a clean room up and ready for validation right at the turn of the year into the first quarter. Sorry, first quarter of next year. So the expectation is, we'll be producing product out of that in the first half of next year there in Malaysia. So very excited about what we're seeing there.

    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 a lot. Thank you all for your questions. And on behalf of Ofer, Nir, myself and the entire Global-e team, I would like to thank you all for joining today and for your continued interest in Global-e. I would also like to take this opportunity and thank our growing list of merchants around the globe for their ongoing trust and partnership.
Finally, I would like to thank our super dedicated and passionate team of employees around the globe, who strive tirelessly every day to fulfill our vision and make the future of global e-commerce truly border-agnostic. Goodbye, all. Take care. And we very much look forward to speaking with you again on our future earnings call.

    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
 
Hi. Thanks. I'm on for Rishi. So, could you talk to what's baked into your gross margin guide for 4Q? It seems like a pretty steep decline quarter over quarter.
Is that just from the timing of hires? Or is there something else there to be aware of?

    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
 
Kyle, this is Anthony, yes. So our strategy was, and I think I mentioned the last quarter was to remain at least net neutral. And the way we think about it this year is as we progress through the year, there's going to be opportunity to renegotiate leases. We might exit some leases and so forth. But our plan with a pretty strong pipeline is to continue to look for opportunistic new locations in the communities that we serve, recognizing the fact that at least net neutral is where we expect. And both from the opportunity, from a rate perspective, we're not looking to lower the store count. But equally, we still see that there's plenty of white space out there. And as I mentioned in the prepared remarks, I think Mitch commented just a minute ago, the opportunity to test a smaller footprint is really exciting, something that's more technology-focused, more of a fulfillment and a payment center for our customers. And at the same time, it allows us to remain embedded in the communities that we serve. We do a lot of business with unbanked and underbanked customers, cash-paying customers. So the ability to remain in those communities and serve those customers is really intriguing. So the short answer is, at least net neutral, good pipeline of opportunities for stores. And that's our go-forward plan.

    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
 
Hi. Thanks for taking my question. I was wondering if maybe you could talk a bit about -- more about SOREL in the quarter. How much of the decline was due to production issues and overall supply chain headwinds? And maybe could you talk about the outlook for securing additional production capacity for SOREL and also the broader footwear business? Thank you.

    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
 
Hey. Good morning, guys. Thanks for the question. I was wondering if there's a way to think about kind of like a normalized or maybe like second half kind of exit margin rate for the business. Just trying to get a feel for once we get through some of this noise in the first half and you have the Liberty IT kind of a way to think of the ongoing profitability of the business.

    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... [Speech Overlap] Yes we did say in the script that the 18 terabyte qualifications have gone very well. To the earlier point I don't think from a mass capacity perspective, we're not in the industry anymore of just pull the bunch, and then try to ship them at the end of the quarter or something like that. You have to have real good relationships with the customers know exactly what they want. So we, over the last few quarters, we've been on a theme in communicating this with you that we know where 18 terabytes was going to be with the customers who are going to be asking us for. And so we were fairly clear that the ramp has begun though.
And so, and it starts by going back to wafer which is many, many months ago and then making sure we're starting the right parts. We are making the transition to that product right now and we feel really good about it. We feel good about the quality levels, the yield levels, the ability to ramp all the components that we need, because it's a common platform. I think we've been signaling this pretty well. I can't really comment on what the rest of the industry is or isn't doing because I just don't know. But that's relative -- that's the way I look at our plans.

    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
 
Nothing at all, I think, as you can tell by the tone in the release and the tone on the call. But if you step back, even the way we guided Q2, we're back above where we were less unaffected -- COVID unaffected quarter was Q2 of 2019, we're looking at second quarter comparisons. And adjusted for acquisitions, we're back on a total revenue basis above where we were in Q2 of 2019, but with higher margins and that much more cash flow than was generated before. And so the business is, as we said before, kind of a totally different business, more profitable and higher cash flows as we exit the pandemic and you're seeing in the Q2 guide.

    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
 
Yes, so good point. I mean, again, we mentioned in the comments, we do want to be judicious about how we deploy those funds. Don't want to overcommit to a single point in the market. My -- if I were a betting person, I would say that a couple of years from now, we might not like the securities we're buying today, and that's provided, everything starts to improve, but then again, at that point in time, hopefully, there is a better opportunity to deploy funds into a more active loan market. So, we want to be cautious in that.
The tide can go out as quickly as it came in, so -- but at the same time, we're going to be looking to be, again, be careful about how we're deploying those funds, but make sure that we're making some money today to the extent we can and still manage the risk associated with all that excess liquidity. So yes, I would anticipate continued growth in the investment portfolio again to put higher earning assets on the book.

    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 good morning Paul

    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, good morning. Thanks for taking my question. I appreciate the commentary on some of the sales constraints that you mentioned. But I'm just curious. I know historically, you said these are two distinct occasions. But do you think as we're kind of normalizing from an operating environment perspective and trying to find an equilibrium or normal, do you think you're seeing more switching between carryout and delivery or do you continue to believe that that's really not the case even having this unique period here? Thanks.

    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 we've -- historically, we've handled all of the renewals direct without engaging brokers, but where we have just so much volume in 2022, we devised a plan. I think we're -- the ratio is about 40% we're handling direct and 60% we've engaged third-party brokers. So, we're working with three different groups. And it's really depending on the different -- the different parts is how we've broken it up. [Technical Issues]

    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
 
Yes. No. Look, it's a very competitive space out there right now, and we have our sites selected. Things are progressing very nicely. We have good data that drives our enrollment. And we also have an ongoing open-label extension study, which has been very, very useful in our recruitment activities because patients know that even though we have placebo-controlled trials that we are able to flip people into the open-label extension study where they will go on active treatment. So I think we've optimized all of our trial designs and our program to really facilitate enrollment into the program. So running these trials simultaneously, we don't believe is going to be any issue.

    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, guys. This is actually Erica Eiler on for Rupesh. Thanks for taking our question. So I'm going to just start with sales.
So as you look at the sales acceleration here in Q3 and your expectations for Q4, has anything surprised you in terms of what you're seeing. And then your team has also called out supply disruptions. And I apologize if I missed this, but is there any way to quantify the impact on the top line during the quarter. And if maybe you could just dive a little bit deeper kind of on what you're seeing here and your expectations on these going forward.
Just curious on when you think these could potentially get resolved?

    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
 
Great. Thanks very much. Robynne, as we think about the renewal pool returning toward its normal growth cadence next year, is that linear over the course of the year? Or will that be somewhat more back-end loaded, understanding that 4Q always has seasonality, but just that year-over-year growth opportunity?

    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
 
Operator, we don't have, Adam. Do we have any other questions?

    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
 
Ryan, this is John. Your math is about right. And yes, we're very pleased with the rapid rollout of -- and expansion of that product.

    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, I'll give you my two cents and then let Peter add, but listen, at the end of the day, given our current size, the mix doesn't shift drastically in any given quarter or quite frankly, in any given year. I think we'll continue to be busy with new commercial real estate opportunities. I think we'll also continue to see some pay downs and payoffs in that category. So I think we'll probably have a similar year, although it might end-up being a little bit back-end weighted in terms of new production given the strong finish we had in Q4 of '20 and some payoffs we know that are coming in Q1. But I'm also optimistic that we'll have strong growth in C&I and owner occupied. So hopefully we'll see a little bit of maneuvering of the mix toward C&I and owner occupied but I don't know that it would be a huge difference. Certainly, the relationships and connections we've developed through PPP should help accelerate that a little bit. But it's also important to note that C&I tend to be smaller loans, tend to be lines of credit that aren't always fully drawn, so you're not going to see massive shifts in that portfolio overnight. But, Peter, why don't you jump in and add anything you think would be relevant here?

    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 have relationships with our suppliers. I mean, no matter what the contract says you're going to get what they're going to give you and they're going to deliver who they want to deliver it to. And so we worked very hard to be a good trade partner with our suppliers for both materials and labor and making sure they understand what our production plans are. And our commitment is to them and they've made the commitment to us.

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