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
 
Fred, it's Michael. Just to add a comment to Richard's response on international travel, I think one thing that's just important to note is that we've always had a significant international sales and marketing presence in pretty much all of the key markets globally. So we have that benefit, and we've always utilized that strength in normal times and in challenging times as well. So whether it's in Australia or Asia Pacific or throughout Europe, we always had significant presence.
And we've always been able to drive significant demand from those markets, particularly drive-to markets, which has been very helpful. Sorry, what was the second question? I lost my train of thought 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
 
Well, I think when you're looking at '21 -- Chris, when you say flat in the second quarter, flat with last year?

    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, exactly. Timing is always interesting. If you look at like the downturns even when in the Q1, Q2 with the pandemic, as OEMs went down, we were continuing to ship. And so, there is typically, we're anywhere from 4 to 12 weeks ahead of a customer in terms of when we're producing. And so -- but because there's so much constraint and there's less inventory at the OEMs right now and less en route and in transit, we think that you're exactly right. There is going to be a little less of that lag than what we would normally see. Quite frankly we'd love for it to get back, because it is a little hand to mouth right now. And so I think for the next 6 to 12 months, you're going to see it be much more correlated on a timing standpoint than what it has been in the past.

    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, the only thing I would say is if you look at our plan that we gave September 1st, which I thought was -- I really do think we gave more than most other any financial institutions that have given strategies, we can't execute that without the balance sheet growing from here going forward. So, we recognize that and we acknowledge that, but I don't want to give predictions on balance sheet growth. It truly depends on what the portfolio of our client makeup and in what sectors and in what industry over what period of time. Because, as you know, some industries are heavy borrowers, others aren't. And the success of our coverage in our different segments will determine the growth of our balance sheet because different borrowers have different borrowing characteristics. For instance, tech, they don't borrow a lot, but they do a lot of treasury management. E&P, a lot of borrowing. So, when I know how successful we'll be by segment, I can tell you the size of our balance sheet.

    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. Look, I think as it's no surprise, our costs have gone up. And when we think of how we invest in it, ultimately, we rely on our long-term behavior of cohorts and our high gross margin business, which allows us to recoup these costs. Certainly, we've represented and we've talked about how we have thought in terms of payback period, which has been in that two-year time frame.
In order to accelerate the spend in growth, we have to give a little bit of leeway to our marketing team to do that, and it will impact our payback periods temporarily. But when we think of the long term, we have successfully navigated several different digital advertising landscape changes over the last few years. Going all the way back to 2018, Facebook had changed its algorithm if you remember in Q2 of 2018. And it took us about a year, year and a half to sort of digest that cost and normalize it and get that to normal pay period.
Last year, Google went through search changes, and that was also a pretty fast revectoring. IDFA is changing -- taking a little bit more time to digest, both on our revectoring and our partner's revectoring, but we expect, over time, it will get normalized and we'll be able to rebalance to our normal payback periods.

    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. Yeah, it's really going to be all about timing, right? We believe it will come back. So they're going to bring the workers back as the economy starts to recover. Too soon for us to have absolute confidence in the timing of that.
So we've taken kind of a balanced approach to it.

    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
 
$10.1 million.

    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, hi Haendel. You know our philosophy stayed the same, just being so focused and being in the right locations. I think we've done a nice job of and the last couple of quarters is really starting to develop out some good channels in working with you know development partners and builders in market and I would expect that will continue to put resources and focus on finding ways to deliver new product into the portfolio.
In terms of taking on balance sheet risk, our position really hasn't changed there and we want to be as flexible as we can, quite frankly to be a good partner for the builders that are out there and less of a threat in terms of going out and competing against neighborhoods that they might also be pursuing. So I think our approach in terms of building up really good pipelines with a couple of really, you know call it good partners, both at the national local and kind of boutique levels; having direct access to communities and product that they're building; and being discretionary in terms of where we think it's a good use of our own capital, because you pointed out you know and rightfully so, our balance sheet is getting into a really strong position and our ability you know to either raise equity or to issue at an appropriate price is a tool that we want to use when it makes sense.
And so I think we'll continue to be deliberate about when we do that, continue to focus on making sure we're finding the right opportunities, but not necessarily having to take all that risk on balance sheets. We'll stay open minded as we look at opportunities, but right now it feels like there's some really good runway in front of us, in perhaps partnering with a few builders and/or you know continually building out those channels for 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
 
Yeah. So I'll take the second part first and the answer is all of the above, and we've got a diverse set of interest from folks from a lot of different specialties and the key thing, I'd point out is you've got 35.1 acres that are some of the most strategic acres on the strip right now that are prime for redevelopment. And what the Coke folks are doing and what we'll see happen on the strip over the next decade, really this is an important piece of that. And so, yes, everybody is looking at redevelopment. I mean there is so much underutilized acreage there and there is so much upside of the operations from taking more market share. I think everyone is think about how to make it most relevant for the upcoming decade or two. And as you see the benefits of the Raiders field not far away and that into the strip coming to life, I think you're going to see something really interesting happen there and we've been privy to some of the -- what the plans might look like and they're all interesting and compelling.

    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. We anticipate that Q2 and Q3, we're going to see the highest commodity costs for the year. And again, that's driven by the 1 quarter lag, which we adjust egg costs and feed costs for our farmers. So you can expect a little more commodity pressure in Q2 and Q3.
Within the guidance that we've given, the updated guidance of $7 million to $9 million, we believe that we have covered the current outlook for commodity costs for the balance of the year. So as long as there's not significant changes from where we are, we're comfortable with the guidance that we have, that commodity exposure topic.

    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, Guy. On asset quality, particularly in the US, one of the things that may not be obvious to folks is, when we took on the back book for AARP, actually, you have to bring on the day one impairment provision through the P&L. For that, if you like, as a slightly sort of non-recurring effect in this quarter's charge in CCP. So, of that GBP110 million, I think it was in CCP, between GBP20 million or GBP30 million of it was coming from AARP on day one for that stuff in non-recurring. You'd actually see the same thing happen again for Gap when we bring that on probably in the second quarter. So, I'll leave it to you whether you want to look through that or how you think about that. So that -- hopefully, that's helpful. I mean, away from that, of course, as I mentioned, credit quality is looking very benign. So we've not really seeing any signs of stress at the moment.
Mortgage margins, or sort of UK blended net interest margin, I won't give a precise number. I mean, things, even though, like you say, there's only sort of 2.5 months of business to go before the calendar year, that things can still move around a little bit. Depending, obviously, on base rate changes which may or may not come before we sort of year-end and I'm not the kind of guy that wants to speculate on that. But we think it will be somewhere around the 250 sort of full-year NIM, and we'll stick to that guidance rather than give anything too precise for the moment.

    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
 
Many of the opex investments are going to be similar. It's largely attracted by the capex investments that we have, whether it be IT, supply chain, stores. We did not -- we came in under the guidance, largely because we had to pause those programs. So we came in under that guidance that we put out there last year. We don't anticipate that we're going to have that level going into 2021.
So it's certainly going to be south of that. And it's really just a continuation of those projects. We don't have anything new that we haven't spoken to you about other than new store opening. That's probably the only thing that's different that obviously attracts some capex and a little bit of opex. But our initiatives, our growth initiatives remain unchanged. We're laser focused on them. And those are going to continue to be the drivers for both capex and opex.

    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
 
Morris is my boss, so I'm not going to disagree with him.

    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
 
I think it's also -- I'd say one other thing that I didn't get a chance to add earlier. I mean, there's some recent data out that is aligning with a lot of what we're hearing from a lot of our fixed wireline customers. And that is that the service providers are anticipating and building their network capacities to support about a 30% capacity increase over 2020 and that's just due to the forecast that I think a lot of operators are getting as it relates to more employees having more flexibility to work-from-home and they've got to keep the network up as if those employees were there Monday through Friday. So I think that's going to continue to fuel a lot of growth for us over the next several years.
And certainly, PON in general is -- I mean, the evolution from sub-1-gig to 10-gig is something we're seeing everywhere. I mean, even our smaller customers are pushing 10-gig PON on us in almost every one of their markets. So that's also an exciting opportunity for us this 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
 
Hi, Suji. I think when we say that [Indecipherable] and I said also to Matt -- answered to Matt as well. The category outside of the mobile and PC, whether it's Wi-Fi, whether it's Bluetooth, whether it's cellular IoT, we see a big momentum there. I mean tons of product coming very fast, I mean we -- all sort of product, if you go to Asia, I don't think of any -- I cannot think of any electronic products that doesn't found with connection with the Internet. So that's the excitement and that's what we are going to see a strong impact in the coming year.
The other category, of course, is the 5G base stations. Here, I think in China next year -- this year is going to be stronger, this is a flat and the second customer is coming out as well. What ahead of us and we don't see it -- we don't -- we cannot see it now, is the [Indecipherable] use cases of 5G. In the prepared remark, I mentioned private networks, you have so many manufacturing factories that are going into private network with the wrong cellular network secured and reliable in the small cells and Fixed Wireless Access. These are all designs that we see the rollout of this one, but when it's -- becomes real in those market could be this year or could be next 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
 
Hey, guys. Good morning and thanks for the question. I just have a few. The first one is how much of a contributor can the MSCI collaboration ultimately be? I just want to know if you guys have any more detail about how it could generate cash for Royalty.
And the second question is, Terry, you mentioned that the HIV erosion was worse than you guys originally modeled. I know you typically look at consensus numbers for each product but going forward, are there additional analyses that you could conduct? I'm just trying to think of all the inputs and outputs to what you guys provide as guidance and how that could be enhanced. 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
 
Well, I don't think there's really any desire right now to rebuild. Firstly, people just can't get enough steel to satisfy their immediate needs, number one, domestically. Number two, the speculative risk associated with accumulating inventory in today's sort of market environment is a pretty gutsy call. Imports, as I said, despite the high arbitrage business, there's very little available currently. The global markets are very, very strong and most material is being consumed within those markets. So there's not much available even if they wanted to. That said, the speculative risk of material flowing in and import delivery times are November, December, January today. People don't want to take that risk. So I don't see any rebuild in the near-term. And again, that's just another factor that's going to extend the cycle.

    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, Josh, maybe just -- let me comment on value-based procurement, I'll turn it over to Chris for other items. We saw the bigger impact of VBP kind of is behind us. There is still some impact going forward. But the business and the market is -- China is challenged with restructuring their cost base to manage through any of that. And so -- and that's exactly what they've been doing is restructuring cost basis, we think about that going forward to offset those headwinds.
So, Chris, any other comments?

    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
 
How the -- how our retail investments did to '19?

    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, sure. Good question. It's a lot of little things but Terry Smith is sitting here and he'll -- Terry, can you cover that quick?

    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
 
And I'm sorry, I can give you that number compared to -- sorry, last year to on the full year basis in 2020, the 12-month EBITDA was $234 million, the $301 million we're already ahead of 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
 
No, I think we kind of tried to talk about that. I think we feel like we know the customers well, work with them and feel like the order board is solid. I mean, this is good backlog. I mean, we have confidence in 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
 
Sure. Well, we'll definitely -- we're definitely focused on the marketing and advertising and I'm sure you guys have seen our assets out there working. We continue to drive that. You know, we've also returned to the office, each of our offices, as well as here in Oklahoma City.
I was actually, a week and a half ago, with all of our sales leaders in Aspen as we've done really our first big meeting with one another since the pandemic. Something else that we're doing, we're having a lot of success hiring. You know, we have to hire service individuals and train them up ahead of the revenue that we are bringing in. And so, we've had a lot of success hiring service individuals, you know, with the anticipation that our growth continues as it has and we will need them to service these accounts.
And so, those are the large areas. Obviously, marketing is more of a lever-type area and, you know, we spend that deliberately throughout the quarter to make sure that we're not leaving, you know, powder in the keg, that we could turn into sale -- future sales.

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