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, no, I think the way to think about the COVID tailwind is we sort of took up the number for the full year, Mike and I think what I would kind of talk -- or think about that is that most of that is the $200 million better cartridge performance that we saw here in Q2 sort of rolling through for the full year. So, if you think about the COVID contributions I mean I think we're up $200 million versus where we thought we would be -- all of that is just going to be sort of rolling that Q2 beat through to the full year for the COVID side. As far as the 4 in 1 goes, as we think about the contribution kind of going forward, we still think Q3 is probably going to be pretty close to what we saw here in Q2, which was 80% of that was COVID-only, 20% was the 4-in-1.
Given what Rainer said and what we saw last year as well, but what Rainer said around the RSV sort of outbreak here that we're seeing in South we think we might have a little bit of a different or more of a respiratory season than we did last year. So, sort of as we move forward we're sort of thinking Q4 that split moves more to kind of a 50-50, 60-40 we'll see where it comes out, but something more like that in the fourth quarter.

    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, Eric, it's Mark. So that's another good question. We had very strong performance on our CLO portfolio in the past quarter, and I would characterize a lot of that strong performance is the reversal of the big drawdown in prices, many parts of the CLO sector experienced in 2020. So when we saw lower CLO prices in 2020, and we got more comfortable with the efficacy of the vaccines and when we thought a lot about what are the likely consequences of the really massive QE, the Fed started March 2020, our expectation was that you were going to see a strong rebound in bank loan prices and with a little bit of a lag, a strong rebound in CLO prices, right?
Now, when we looked at the market through the second quarter of 2020, we started to see some very high prices on some of the high-yield indices. So, the most liquid high-yield indices sort of on the run is something called Series 36. It got to a price of 110. That's about as high as that thing has gone. So, it made sense in our minds to lock in some of the gains on the CLO portfolio in two ways. One way was through sales of securities, and I mentioned that in my prepared remarks, you saw the percentage of our portfolio in CLO investments drop, and that was through opportunistic security sales, but the other thing we did to sort of lock in some of these gains was to add some credit hedges on the portfolio.

    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
 
That's a good question. I mean, it's something that we obviously look at and are open to, but as we've gone through numerous cycles and looked through analyses on would you have been better swapping from floating to fixed, the amount of time that that actually made sense and paid off over the next five years or over the next term of your debt, it's very, very rare. And so we try to address that by putting caps in place, which we have on all of our floating rate debt, to protect against any sort of hyperinflationary sort of scenario. But by and large, as you know, Bryan, inflation would be outstanding for us.
I mean, that would be one of the best things that ever happened to us. Because when you look back, even back to the '70s when you had hyperinflation scenarios, hotel rates kept pace and actually exceeded the increases in interest rates. And so -- and obviously, us, as a company that has higher leverage than we'd like to have over time, that is a way to very quickly delever, is to have your EBITDA and revenues grow at rapid rates. So I think inflation is welcome if you -- from our perspective.

    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, specifically in the high-income space, and we call it high income for a very specific reason so that it has the flexibility to use other instruments and to be flexible to take advantage of stress in the marketplace. And I think both the flexibility of security type and the asset -- the allocation process in the portfolio has given Brya and team the degrees of freedom to produce the results versus the peers. He is also taking that skill set of looking across Credit Opportunities as well as being able to enhance security selection with Credit Opportunities and that has got us into more of the private vehicle and credit alternative space.
And we want to be able to save room for enhancing those skill sets and we expect to continue into the private funds and we would expect to see more performance-based or carry interest in strategies of the future. And as we look at our Credit franchise, we see more breadth and the number of strategies in the space the Credit team would go versus just a pure high-yield strategy that tend to be very narrow and can take more dollars, but it also happens at a lower fee rate. We prefer the ability to manage capacity to deliver alpha, manage our fee rate, and be able to expand in the new strategies and aggregate. We believe the present value of that opportunity is much greater than playing into a bulge strategy in a very narrow space that have fee pressure and it ends up being a competition for scale and the lowest fee rate.

    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. On a reported revenue basis year over year, we should start seeing in Q3 and Q4 just a natural accounting bump, right?

    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
 
Hey guys, good afternoon. Can you hear me OK?

    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
 
Hello, everyone. Thank you for the call. Just a quick question on your commentary around credit lines or bank loans to fund the potential acquisition ISA. Should we read that as a conventional long-term three- to five-year syndicated loan? Or is this more likely to be something of the bridge loan category so banks have a bit more time to anticipate how to place this in the public market in the advance? How should we understand the plans around this?

    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
 
I guess a couple of things I would say about that is obviously the conditions related that drive that there is long-term firm transmission, there is the short-term market. And that short-term market is more of what's driven and day-to-day that can be different. So certainly, we had-we have moved into a formula rate environment. So, we have captured that in our expectation for the remainder of the year. But the thing I would just highlight at a high level perspective is we have continued to highlight where we have margin headwinds, there maybe puts and takes in there. But from a guidance perspective and being narrowing in that range, we expect that I get the performance through the first half of the year and we are expecting to be the back half of the year, obviously, transmission is good news, if that continues.

    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, Steve, I would say it's fairly normal and we've looked at it through compared to 2019 and '20 and looked at even the five year average. It's peaking a little bit later, maybe by a week, but not much. And we are seeing a little more of the peak this season this year, I should say than we saw last year. Last year was a little bit more of a flat line. This year, we saw a peak in week 28 something like that. So, yes, I would say it's returned to somewhat more normal and a little bit later.

    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, Jamie. I'll take the first part of the question and then pass it to Thiago. So, yes, let me clarify your question regarding migration versus the synergy in terms of penetrating Linx's base. So, the number that we give here relates to Linx Pay.
So, Linx had a sub-acquirer within its Linx base set of assets. And that's where we put the first focus of the team because we saw some risk there related to regulatory compliance, things like that. So, we really prioritized very quickly to migrate that volume. But that volume wasn't that large, about 2 billion in the quarter, so that's pretty much a process that we're completing by the end of the year.
Where we really see the opportunity is when we talk about the 200 billion TPV that Rafa mentioned. And that's where we're really looking into. Sort of vertical by vertical, we're coming in, the teams are coming in, and really understanding from clients where the opportunities are and where we can create value through payments, open banking, PIX. So, several different types of integrations between our financial services platforms and Linx's software.
So, that's really where our focus is. And then that's where we look ahead to penetrate that opportunity in terms of TPV. Was that clear, Jamie?

    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. Listen, John, I think our underwriting for that individual tenant is going to be consistent with underwriting for any tenant, which is taking a look at the corporate credit, taking a look at the operations, taking a look at the units, how they perform and valuing the real estate at a point that we think is fair. Spare Time was -- is a great tenant. It's a great company, a great family owned company that we've been doing business with for a while and have great comfort in their ability as an operator. And there the sites that we own and the sites that we invested in during the quarter have rebounded and are doing really well and really benefiting from some pent-up demand for people wanting to get out and be entertained and do things. And we like the family entertainment business. And we think Spare Time is a great operator in that space.

    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
 
I certainly think it could. The new deliveries are slowing, and we've been talking about that over the past few calls. Deliveries are declining since 2019. And with the 2020 pressures of the pandemic, it slowed the 2020s into 2021 and so those are delivering now. There's a lot of -- certainly a lot of interest in our product and a lot of people liking our product, but it's hard to buy metal right now, it's hard to buy wood right now, it's hard to get planning done right now. So I think you might see that number decline a little bit in the next 12 months.

    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, hi. Good morning. There is all this resource nationalism going on about nitrogen that you talked about, but U.S. is still a net importer of urea. So how does this play out? Would growers switch from corn to soybeans at the margin or maybe the industrial demand has to back down to make room for agricultural demand? In your mind, how does this play out in the medium term?

    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
 
Certainly not the near term. We talked about being in advanced negotiations, we wouldn't have identified them if we weren't working on lease documents. And with regard to the government,, the outlook looks to be status quo with 1% to 2% growth on a very high defense budget basis. And I think that will be very stable and promising for our portfolio.

    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. But these are contract list price. So as you know that -- depending on the customers, there could be discounts over these listed contract prices. But I think this -- for ratio comparison, for 2020, the same contract U.S. price was $0.74. So you can see there's large variations. So there's no normal price. I think it's partly feedstock cost, as Steve mentioned. Power costs in the U.S. are impacted a lot by natural gas prices, as natural gas price goes up, power price goes up and caustic and chlorine cost goes up and ethylene as well.
So PVC, there's no absolute price as a matter of what ethylene, power, caustic, all that will lead to the cost basis. And then supply demand will judge how PVC price would behave. And round globally, I think right now, U.S. and Europe have high prices. And -- but in the past, Europe has the highest PVC price. So it's not only cost basis supply demand, but also global supply demand. So all that has to play into what the price would be. So it's very dynamic.

    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. I mean, as I said, we talked about the recoveries previously, Brad was talking about that. Let me just see that the output from Bellekeno has averaged, I think, at the mine head, around 770 grams. At the first -- the initial ore at Bermingham and Flame & Moth has a slightly lower hit grade than that.
But as you get into these deeper levels, the head grades will escalate quite rapidly. So, we haven't actually, and just sort of thinking through your question here, the 770 year-to-date silver grades are likely to decline slightly in the initial feed from the combined Bermingham and Flame & Moth operations, and then they'll climb very rapidly into the -- when these other production levels come on stream.

    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. Thank you all for joining us this morning. We appreciate your continued interest and support in Horizon. We hope you and your families continue to remain safe and healthy, and we look forward to speaking with you again very soon.
Thank you.

    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
 
Yeah. I do think the cash, unfortunately, probably continues to build. Just recognize, as we continue through the PPP forgiveness process that we end up receiving cash from that as we kind of go through that exercise. So we do have cash. Will likely continue to be very strong for us. What I'll tell you is we probably have, I don't know, Bryan, maybe $10 billion to $12 billion of excess cash relative to what we would typically hold in a kind of more normalized type environment.

    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. I'm going to share this answer with Ryan Cantor who's in the room here. But I'll start, and then I'll bring Ryan in to comment on some of what he's seeing. Ryan leads the Thryv Product & Marketing areas.
So he is appropriate to talk about it. I can tell you statistically that almost exactly half of our total new acquisitions, new customers that are joining the company overall are coming in as Thryv customers. And as we build up the inbound machine, that percentage is going to get higher and higher because they're not hunting in the zoo, they're out hunting in the wild. They're bringing in customers, finding hand raisers that are interested in our product and interested in some of the content we have out there on the web that are coming through, and they're asking for a demo, they're asking to learn more, looking to speak to somebody about signing up.
So that has become really an important customer acquisition tool. Now penetrating the base is still going on. That's the other half. And the sales force is out there doing it.
And their customers, we offer this to two years ago or last year that said, I don't know, I don't really know if I want to do that that are now saying they want it. And some of that's COVID, just grabbing everybody and giving them a good shake and saying, you better be ready to work remotely and all that stuff. So let me see if I can get Ryan to just make a few comments about what he's seeing in terms of inbound marketing.

    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, we have it coming on about six years now, but that's -- we actually think Hudbay is making good progress on their discussions with -- in terms of the appeal of that decision. And in fact, Hudbay is on guidance is that they expect to announce or hopefully get to a decision point sometime here within just the next -- and I think it's a few months, actually -- within this year, definitely. And so given that, there's about a two and a half to three-year build time on Hudbay, and there's a reasonable chance that they could move forward. Even if they're not successful in appealing the recent decision, they do have the opportunity to try and shift the operations on to privately owned land and move forward.
It would be a smaller scale operation of -- it really doesn't make sense. But sometimes, yes, we are forced to do things that don't make sense in order to get around these challenges. But they are definitely making good progress on that front, and we're confident that they'll be successful. And in that event, there's, we think that's a pretty good chance it will come within our five-year guidance, but we just felt, again, to be on the conservative side.
We're confident they'll get there. But even if it was in the five years, we probably wouldn't see it until the fifth year of that five-year guidance. And so we -- it really is just something that's going to be out. And I think a good chance it will be six years out, seven years out.
And so we've got sort of supplying production through this six-year -- six to 10 of the 10-year guidance.

    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
 
Sorry?

    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. We can hear, Tanya.

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