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
 
I'll let Chip address. I mean, generally speaking, I think we had some nice weather in the fourth quarter, and we are a little bit ahead on our activity pace, but Chip?

    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 for taking my question. I got two ones. On the first one about application IPO, because one of the key constraints that NIO seems to be the only one still just in the U.S. And also, some of the media report that it's because of the NIO User Trust.
Can you explain a little bit why NIO User Trust? Could be one of the reason when you come back to IPO. That is the first question. And second thing is about gross margin. Actually, you mentioned one of the reason is because auto finance due to the margin decline.
However, if you have seen, the demand has been very good and short on supply. I'm just curious why we in a very tight supply, we still increase the auto finance due to the falling margin. Theoretically, it should reduce the auto finance line. And also, I told -- some of my friends told me that you actually may remove or reduce the auto finance in the number four quarter.
Can I confirm if this is the case? If it's the case, can I assume the gross margin we have will increase in the number four quarter compared to number three? Because you don't provide auto finance anymore. And the average ASP also will increase because auto finance seems to be one of the reason for ASP decline in the number three quarter compared to second quarter. 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
 
Yes. I mean we wanted to provide some flexibility there because, again, we are at such strong capital levels. And we had strong capital levels heading into the pandemic, and we raised preferred, and we obviously had nice earnings as well, too. So it puts us in a really, really strong capital position. I think a couple of different ways you can use capital, right? Dividends, we increased our dividend last quarter, buybacks, M&A, which we've talked about is not something we're necessarily looking at anything right now. It could be -- could get more constructive at the end of the year or next year, but it's not a major focus of ours and again, not a near-term priority. So really, you look at repurchases, but we're going to base it off of an IRR calculation. We think there's opportunity to be proactive and selective and basically have the ability, I think, like a lot of our peers have done to buy back when they feel the timing is right. And there's been a lot of volatility up and down in bank stocks over the last really even just the last quarter, let alone the last year. So we just want to be positioned to be able to do that. We're cognizant of how much capital we're carrying, and the capital is good because we have that strength. But from a shareholder-friendly perspective, we've also got to make sure we got the appropriate capital levels and buybacks would be one of those things that we would be looking at. So -- but it's all going to be IRR driven. It's going to be what's the best use of our capital at any particular point in 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
 
Thanks very much. Of your 12 billion can capacity expansion by the end of the year, how much of that volume is already committed?

    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
 
Thanks, Hassan. Yes, I would completely decouple the events. The issue involving the electric utility you mentioned, I can recall four incidents in my time associated with Connecticut, where our operations were without power, some for as long as a week or more. And so my read of that situation was that PURA had, had enough and decided to implement a penalty on the ROE or increase it. And also, if you look back the track record with ROEs for water has been higher than the electrics. And I believe that, that is rooted in the view that water utilities are more of an environmental utility and that attracting and supporting capital investment in water is very important and is part of protecting and preserving that natural resource. So if anything, I feel like the Connecticut regulators really understand the primacy of drinking water investments. Thanks, Hasan, for your questions today.

    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
 
So there is a backlog that is getting addressed now is this point. Not all of it is in person, but the world has found its way around. There are trials in Texas in person. There are trials elsewhere in person, but they are also trials taking place, not in person.
So to the extent that your question is, is everything absolutely normal? They're not in person as it were. That's what I think it will be absolutely normal as it were. But in terms of activity, they are. We are both in FLC and importantly in our international arbitration business within the economic consulting where we had weakness prior in both those areas, the levels of activity are back.
Those folks are busy. That was very busy, in fact. So those activity levels are back the way they are doing that activity is still a combination of virtual and in-person.

    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, Jeff. Yes, fill rates in Q1 were roughly around 80%. We have increased those to the back half of the second quarter, mainly in June, getting to a 90% fill rate there. So we anticipate that to continue to sequentially increase over the next several months. Currently, in Q2 we're averaging right around that 94%, 93% fill rate, that should increase as we further increase our inventories. Moving to this six orbit model of warehousing, also will allow us to drive some efficiencies. The key is to get the inventory levels at a -- at the right level and then we'll be able to continue to improve fill rates.

    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. Keith, what's the ramp on that $30 million in 2022? When do you think you're going to begin actually recognizing GAAP revenue?

    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
 
Hope we have the quantification. But just give a little more background on that. We looked at the rate of materials for floor in October. And there was really a depth between the end of September and then the [Indecipherable] started in October and continued all the way through November and most of December. And so as those costs or purchased as raw materials those then became cost of sales or expense primarily January and February, which is why we had an increased margin and in the earlier part of the quarter. I don't have the specific amount of that but just in general, the cost per floor was roughly 20% less in those -- that October, November period than we had in another periods on lumber and OSP.

    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
 
You should expect us to be deleveraging. We want to drive our leverage below 4 times on a gross lease adjusted basis. I see that in the relatively near future for us. And I look at it like -- if you think about something of -- north of $1 billion of investment into sports and online, I think between -- just the proceeds out of the assets that we're going to sell out of -- that came with William Hill, I think that's going to match up pretty nicely with what we need to spend in sports and online to build that business in the U.S.

    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'd say primarily, the temporary cost, with some small exceptions in the first quarter as we continue to see the effects of the pandemic, they're going to be coming back, basically, I'd say, evenly across the year, a little bit lower in the first 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
 
I don't -- we don't think that -- we don't look at the market. We've never built this company in a way where we're trying to shape ourselves into any one way and how the market is defined. I mean, as you very well know, we started and we defined the experience management category, and we haven't been trying to read off of any books of what people define a certain market spaces. Everything we do is customer-led.
And what we're hearing from customers is they want to build on the unique architecture of our system. And this is where they see it going, and it will actually end up affecting some of the most important decisions that they make for their own customers, as well as their employees. And that, in effect, will inform marketing decisions that will inform customer-facing operating decisions, a lot more product decisions and so forth. So that's how we look at it.

    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 -- and Derek can add to this because his is a Chairman of U.S. MI, he also has great visibility into this. But I would say, look, we saw FHA, right, in terms of -- and I think you are referring to FHA take a very considered view early this year when there was discussions about premium cuts. I think as an industry certainly as Radian, we all felt like what we heard being discussed would not have had a material impact on our business. So, I think we still feel that way. Obviously, any changes from an FHA point of view could also be -- there could also be changes from the GSE perspective, too, in terms of low level pricing adjustments. So I think, today, obviously, there is the actuarial report on the strength of the fund on FHA coming out soon and we will see where that is. And I think there is still -- there has been great discipline around kind of considerations about changes to FHA pricing. I think it's a balance between public policy and maybe politics, if you will, compared with what is some business practices. So, we will have to see. Recently, I have not heard much chatter. I don't know, Derek, if you want to add anything to that?

    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. Well, it's both a challenge and an opportunity, right? I think the whole world has asked themselves what was happening with their software supply chain, where they were running which is good. I think it opens some opportunity. There's some I would say minor short-term opportunity because we do see some customers that want to replace their network monitoring.
And our network device monitoring product is fairly new, but we see some interest in that for that reason. I think longer term, there's definitely a growing problem that is understanding what's running, understanding your supply chain, understanding what your application's doing, and that's why we're investing in security. I think there's going to be a long-term opportunity there. So maybe short term, some replacement there, but the real opportunities go longer term and would -- who we can help.
Enterprises basically understand what's going on in their network and in their applications.

    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, Chris.

    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
 
We will start to see that as well. With the SaaS piece of the subscription continuing to grow as well, this is more -- when we take a look even beyond Horizon 2, that will become a lot more ratable in that factor and smooth things out. And so we do have some more choppiness ahead of us, but I think things really do start to smooth out when we're taking a look at the back half of 2020 and beyond.

    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. And you can look at just the kind of -- when levels look at the drilling, and we were running more rigs through May. So there's more drilling activity in the first, really, January through May is six rigs, then down to five rigs for the rest of the year there. There's also a maybe a couple of months where we'd be actually be running four rigs because we're probably going to loan out a rig a little bit, again, just because the drilling times have been quicker and trying to manage overall how many DUCs you build up. So the drilling activity is definitely weighted to the first half. The completion activity is weighted more through the first three quarters. Dan, so, you might talk about how many frac crews we're running in the different quarters.

    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
 
So I think with respect to placebo effects, there are quite a few things that we'll be looking at to attempt to manage the placebo effect. I think some of those are things we'll talk about in more detail at the time that we're initiating the studies when, of course, we can go into detail with, I think, more finality on some of those things. And that will include the role that screening that I play in that. I think it'd be better to comment in more detail as we kickoff the studies.

    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. Well, so two things. One, it's a little bit of a complexity as you think about those, and we talked about last year that when the focus of our customer base was you just have to help us get sort of the eSignature use cases up quickly, we became very much a fulfilled, demand-oriented company. And we took some focus away from some of the broader agreement cloud other offerings because our customers were pulling us.
I think that was the right course, right? We are a customer success-oriented company, and we needed to focus on that. So I think now, we see ourselves, having come out of the sort of the COVID period and coming out of the first half where we see that demand changing, you will see us, I would say, reaccelerate and reemphasize our focus on the other agreement cloud products. And I think that we're putting a lot of focus on not just the product development, but also the go-to-market there. And I think you're going to continue to see growth and acceleration.
We believe the agreement cloud products will take share from signature. And I think at this point, because of the scale of the eSignature business relative, and I don't just mean our piece where it's really dramatic, but even in the marketplace, things like CLM or just much smaller developed opportunities today. So the ability to sort of become meaningful to our financials, it's going to take a while. But that's how I think about our focus and why that's so strategically important to us to build out the overall agreement cloud.

    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. Gary, I don't think so. I think there's more seasonality there. So I don't think you should just carry forward ANZ revenue. And we -- of course we still don't know what the enrollment is going to be for the third quarter for the most part so, yes.

    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 think that the 40% to 50% range based on the way that the order book is developing and where we're -- on how we're positioned would continue to be a solid milepost or guard rail for us as we think about the next, the coming months etc.

    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
 
Listen, we believe the long-term fundamentals that we've invested around mega trends like health and wellness, e-commerce, food safety, all combined with sustainability leadership are the right investments, coupled with greater penetrations that we've made to the emerging markets now being over $1.5 billion of our revenue base. So each of the businesses, as I said earlier, we've continued to invest organically alongside our customers. And we're very confident that going forward, and we're building the business around long-term consistent low single-digit growth aligned with customer opportunities.
As you said, the business most negatively impacted by the recovery or the pandemic, I should say, was Engineered Materials. And we expect that as the economy continues to further open and recover, you'll see improvements in businesses like Engineered Materials and CPI that were probably most disadvantaged during the pandemic. But the breadth of products that we make are essential as we've seen throughout the pandemic. And I think the track record of Berry growing before the pandemic, during the pandemic and after the pandemic, will continue to sustain itself over the long haul.

    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
 
Andrew, and I appreciate your comments. Look, on the curve, we -- as you point out, we provide our typical NII sensitivity disclosure on Page 37 of the deck. And I think that's actually a reasonably good measure. I get that the above 3 months doesn't tell you how much of it is truly out the curve. So the sensitivity is more in the 5 range of the curve. But we think that, that move in long rates and the 700 or so over 2 years is a good indication of what might come as long rates begin to move, especially in euro. We're very focused on managing curve risk, but we're also focused on maintaining some degree of sensitivity to movements in the long end of the curve, which is actually structurally, I think, part of our business.

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