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
 
So let me give some comments in and Kevin, I'll ask you to also comment here. But if you look at the revenue side, I mean longer-term, the seasonality is there, just vacations for sun care businesses or coatings, those are well established seasonality. We have seen less seasonality right now and I think there is just pent up projects and things that have moved a little bit more. So, on the revenue side, I think it's probably been a little bit stronger than normal. So we'll see what happens next year, but clearly it's been a very positive thing, especially on the industrial side of the equation.
If you look at an EBITDA side, the impact, I mean the important part to recognize is self-help, it has been the major driver for us, and that is not seasonal. So the cost actions, the mixed improvement actions, all these things are coming now because we've taken the actions. So that, I think the below -- the earning side of things, you're not going to see the seasonality. We will get it as we get it. And I think the revenue side is the one that is more of the seasonal impact, but it has been less. But Kevin, I don't know if you'd provide any other other color.

    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
 
Those are great questions, Tazeen. I'm going to just pass them both over to Akshay. Akshay, why don't you handle them?

    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. Thank you so much. Ron, I want to ask about acquisitions and your appetite there. And any update, we've seen some of your peers pick up, I guess, in M&A activity and definitely did some capital raising going on as well on the private side. So where's your head at 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
 
Yes, yes.

    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, it's Vikram, SocGen. Just a couple of quick questions. One is on P&C Re. The -- I noticed the attritional loss ratio for the full year has actually increased by a full percentage point. I just wondered what could explain this? And secondly, it's on the expense ratio, and you've partly answered it in the -- in one of the previous questions that you had a one-off in Q4. But for Q4 specifically, we are used to seeing a bump up in the expense ratio, generally, due to sliding scale commission adjustments. I wondered if there's any other specific driver this time around and whether this is the sort of new pattern that we should be expecting going forward? 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
 
Yes, I think we had some good competitive signings we like. Yes. Thats why we could say we feel like the backlog was OK at the beginning in Q3. I mean, to the question that was just asked, of course, it will be more competitive when more people have new things, but you have to fight through that. Thats business.

    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
 
Hai Craig. Great. Good morning. I think it's both. Actually, I think we're seeing some employers provide incentives by agreeing to pay for parking to bring their employees back while there is this concern that we think will dissipate quickly over riding mass transit and we think it's a number of employees contacting us who are indicating that they're coming back to work and they previously took the regional rail system and they like to have monthly parking pass through the end of the year. So that's we're. So I don't think there's any defined path, other than people are requiring more parking short term. So we think that actually those fairly well. I mean our parking occupancy levels pre-pandemic were very high. Parking is a very good adjunct benefit we provide to Brandywine employees within our centrally located University City CBD properties in 4 or 5 from the line we have over 500 parking spaces. So it's a valuable amenity to differentiate ourselves from some of our competition. So, we think that this temporary increase in short-term parking requests will smooth that as more people do in fact come back to work and commuting patterns revert to their pre-pandemic on those.

    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 mean that's always a tough one to nail with precision. I mean, yes, last quarter, it was relatively in line with this quarter. In Q4, there's a lot more variable occupancy that goes into play.
And remember that we have a lot more of our capital projects that go in, and we're spending more on capital projects. So there's a depreciation play within occupancy. And we've put in place the new East Coast distribution, which is fantastic news because it supports our strong growth. On the flip side, which is fantastic, is that we've been really strong with our retail optimization efforts.
And so we brought down the costs associated with rent on our stores. And so we're able to mute the growth of occupancy to be below sales growth, and that is what we expect to continue and why we can continue to drive leverage and occupancy. But to give you an exact growth rate, it's difficult. So because it's going to move around a little bit by quarter for those reasons.

    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
 
It depends. I mean, on the capital side, the trucks that we had, as I talked earlier, about getting a head start on the orders in 2020 for 2021, we had already locked in much of the pricing for the fleet that was in production this year. But to the extent that we put new orders in after the surcharges get implemented, those will be subject to that. But for the bulk of our capex, at least in the fleet side this year, we had pricing already locked in ahead of 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
 
Yeah, thanks, Todd. It's a good question. I mean, one of the things that we focused on, as you rightly point out is execution through the pandemic. So if we -- and we felt like that has gone, we've executed well in that environment. And as we get to 2021 and beyond, it's really about how -- what's the overall freight environment looks like, if it continues to be favorable, I think we can exceed the range that we've talked about historically of 100 basis points to 150 basis points. I mean, we should be above that.
Where that goes, how strong the market is, that's to be determined. But I think what's important right now is that we are in a position where we continue to focus on pricing. That's a fair -- as we know a flow through to the bottom line pretty quickly, but we're also proving that we can execute. So I'm excited about the terminal openings we have. So I think that -- that, we should be able to absorb that without really being a drag on our sort of profile.
Now certainly, if we had to accelerate because there were opportunities that were out there, we would do that. But I think, ultimately, I think we're in this nice range where the market's favorable, we see growth opportunities, the pricing initiatives are critical. I think we can continue to improve and likely be above the range that we have historically talked about.

    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 are standing up. We have been standing up as sales organization in pharma now for a couple of quarters. That is one of the investments that we targeted at the beginning of the fiscal year. We have also made some decisions running additional investments to incorporate pharma -- additional pharma-specific capabilities in some of the products that are relevant for the pharma industry. So those are investments that will start to happen this quarter under the guidance and oversight of David.
Camo Analytics is certainly an acquisition that we -- brings an installed base and we are excited about. But ultimately, we have always said that in any industry that we operate in, we want to be number one or number two in the segments, the product segments or solutions segment that we are in.
And in the case of pharma, if we find the right acquisition and I won't go into what we mean by that, I have explained that to investors all the time, we would be open to that, but we have our criteria around best-in-class profitability and double-digit growth, and that is the lens that we look at anything through, including in pharma.
Metals and mining is another industry that we believe it is interesting as well. I think there is an opportunity to create value. We are creating a significant value in already metals and mining for some customers with our APM solution. I think the AIoT Hub and our data historian could play a big role in that industry as well. But there is also a whole software ecosystem in metals and mining that is also attractive. And beyond that, you have food and beverage and other industries.

    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
 
Stephen, it's Bob here. Good to hear from you. Look, with MISO and their MTEP21 plan, we expect all transmission owners to work through the process at MISO over the course of 2021. Ultimately, with a goal of by the end of the year, coming out with a series of recommended projects all over the territory. Obviously, being one of the largest TOs in MISO, transmission owners, we'd expect a lot of those projects to be in our service territory areas, particularly since those are the high-density renewable areas in the territories as well. So that goes forward. Those projects are generally long-dated items, and we don't have capital for new major transmission lines in MISO in our five-year forecast. But when Ben talks about the elongation of our growth and the investment that this industry needs to make the clean energy transition, we see that as the back half of the decade that's going to perpetuate the growth profile that we shared earlier.

    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. Greg?

    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
 
So, let's take Barbary Beach or Havana Cabana. They're both double-digit returns on our investments. So, if you put a 6% cap on those, [Indecipherable] kind of where things -- what they're trading down there, that put Barbary Beach on this year's numbers, it's something like $225 million versus a basis of $117 million. So, I can't do the math in my head, but a 90% increase in value and about $1.2 million a key. Havana Cabana, put a 6% cap on what we think it will do this year, that puts it about $90 million. I think our basis is $55 million. So, that's up 60%.
So, again, I think what we're seeing is a lot of our thesis that we've been trying to articulate to investors over the last five to seven years playing out. Right? The trend lines and high barriers to entry, there's no new supply, and what do customers want, the assets we've been buying, particularly over the last five to seven years, those two are really playing out and we're seeing massive increases in NAV of those assets.

    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. Steve, let me talk of the freight. So when you look at 2020, 2020 for the full year, we didn't really have significant rate increase, of course we had freight increased due to volume, but not very significant due to rate if you look at the full year. But what happened is that with a slight decline in the beginning and significant increase in Q4 and the freight market tightened quite a bit across the US in Q4 and we saw significant increases there and we see that rolling into 2021 and the increase is pretty much the same that we see for inbound freight and outbound freight and it's really availability of trucks, the market has tightened to an extent that in many markets, you have several loads for one truck and that normally is below five. So we have seen that and we expect increases that would reach from a rate perspective, 20%.

    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, Brett. Good morning.

    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 and thanks for taking my 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
 
Yeah I would tell you, it's still early from a sales perspective. I'm pretty proud of the team. If you see we focused a lot on net new airlines that we've signed, including Air Transat and Scoot this quarter as an example. So what I would tell you, certain regions are recovering faster. North America, obviously, recovered much faster, and we saw strength in that market. Europe is starting to recover, you commented. Even business travel is starting to pick up, especially after the U.S. lifted the ban of travel, that's definitely helping. We started to see bookings in October for November and beyond. Now what they will want to see, is the materialization of those bookings to see, because remember that now you can cancel those bookings. So they're closely watching to see the conversion of those bookings to actually passengers traveling.
So, overall, I would tell you that from a booking perspective, 80% of our bookings have been B2B year-to-date, so that's really driving the growth in the business. I do expect travel to continue to improve and I would tell you that you're going to see probably Europe come next, Asia will probably be further out and I would say that's the region that is still experiencing more of an impact compared to 2019. But the good news is that we're starting to see the wave continue to improve, and we do expect that to pick up in '22 and beyond.

    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 we'll continue to grow that investment fully to the extent we have excess liquidity that we can put to work in the loan portfolio. New business rates are probably down a little bit marginally from the average for the quarter, but not dramatically so at this point. So we'll continue to be disciplined and our hope is that we continue to grow loans at the pace of our growing. And as we talked about, the end of period deposits have sort of moderated, that growth has moderated a bit. So hope is that we can continue to drive a better earning asset mix through the back half of the year.

    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, Fahad.

    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 I would say, to your point, Ken, which is extremely important, and Jeff pointed this out in his prepared remarks, is that the current demand environment that we're in now is 180 degrees different from the demand in 2018 and even the beginning of 2019.

    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
 
No, I don't think it would be, you know, necessarily larger. I think we had commented a quarter or two ago that we thought the impact, you know, was probably roughly a point of revenue. And, you know, as that kind of builds back up, it's almost all contained within the sales and marketing line. So, I think as we kind of get through fiscal '22, we'll see that start coming back up a little bit as a percentage of 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
 
Yes. I think both of those scenarios that you layout are possibilities. As we look forward and we think about that, in my prepared remarks, I talked a little bit about, and Joe talked about, we have these impacts of the current market conditions. So obviously in the fourth quarter and so far in the first quarter, you have these moving commodity prices and tighter margins. I talked about a floor somewhere in that $0.095 to $0.10 range. I think that is applicable and sales volumes returned to 2019 levels and then after that, we'll see. One of the things we think about though is that there continue to be inflationary pressures that will continue to push on this breakeven. So even once we returned to 2019 volumes, the breakeven might stay higher.

    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
 
No, that's fine. It's on the footnote table as well. So for indirect auto, and I'm quoting end of period, we're at about -- third quarter '21, we are about $120 million in balances. And then on the aircraft, just I don't think we disclosed that separately. We can call you later with that information.

    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 for taking my question. Most have been answered. But as far as the advanced packaging products, the APAMA and Katalyst and the lineup of products there. What is a reasonable target for those advanced packaging products as far as revenue goes, perhaps in fiscal year 2021 and maybe a target for fiscal year 2022?

    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. I have a follow-up question on the competitive landscape. What are you guys seeing in terms of competition from all-to-all venues that would serve as an alternative to your open trading?

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