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
 
Yes. Hey, Doug, it's -- in hindsight, the recovery in 2020, after COVID hit in the first quarter, it was pretty linear and there was good line of sight. The rates were a little bit less volatile. Things have backed up, and we certainly expect volumes in the short-term to normalize a bit versus where they were in the first quarter, which is at record levels for us. But there's a lot of moving parts with the economy, and rates had sold off quite a bit. Rates have since settled in here, at least with the 10-year. We've got a lot of moving forces with economic stimulus and recovery in jobs. And so when we look at the macros, we're very optimistic about the trajectory of volumes. It's hard on a quarter-to-quarter basis to handicap, which is why we like to kind of stick to a longer-term plan in talking about the outlook. But I will say one differentiator for us that's certainly been clear the last couple of quarters is the teams are operating at a different gear. We're just moving quicker. We're processing loans faster, both on the residential and BPL side. So we're optimistic that we're going to continue to be able to compete and take share through the course of the year. But I'd say, in the second quarter, coming off of that rate sell-off you referenced, we do expect volumes to normalize a bit.

    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, I might pass this to Rich. What I heard on the question was what drove the significant increase in the gain on sale margin this quarter versus last? So we did have two one-time events. One had to do with the 50 basis points that Fannie and Freddie allowed for invest in second home and investment properties, also known as the Adverse Market Fee. And so, that allowed us to take a onetime gain of approximately $100,000 last quarter. And then the preferred stock purchase agreement. When that strategy happened, we were able to -- when they discontinued that strategy we were able to not sell in the private market, but sell in Fannie and Freddie and get a bigger gain. And so, that was the other one-time gain.

    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
 
Well, from an investment perspective, yes, we're making investments in a number of different areas within the organization, including sales, and specifically on the new builder side. As it relates to specific wins that are out there, probably a bit too early to get into that discussion, because we need to make sure that our channels are filled with products. So discussions are being had at this point, that's really at the early stage of it and as we begin to fill that channel and get back to more normalized operating parameters, I think we'll be in a good shape to be able to talk about some of those contract wins.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Yes. So when you take a look at the domestic unit growth, Michael, certainly very optimistic about those trends. We're continuing to see growth portfolio wide. Excluding the economy transient segment, your rooms growth is above 3%. So certainly in line with where those historical trends were and frankly, accelerating versus where we were last year. The broader net unit growth decline was really driven in international. And a lot of that has to do with the disproportionate impact that COVID had specifically in Europe. Obviously, hotel closures were more common in Europe, especially in the portfolio that we were dealing with. We also looked at this as an opportunity to terminate some marginal or lower performing products from the European portfolio that we felt in the long term were not necessarily going to be profitable. So a couple of multipacks with lower profitability. And so we expect to continue to see some of that trend continue into Q3 and Q4 this year internationally speaking, but then anticipate significant pickup in 2022 and beyond.

    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
 
So we're investing aggressively in an opportunity we see ahead of us. So all the over performance or deltas we apply into investment capital and that's been the thesis so far of how we've operated. That's kind of what you're seeing across the board we are committed to the $55 million to $45 million in op income that we've guided to, and we're investing the delta.

    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
 
Thank you, Kevin. .

    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 your questions and for your participation on today's conference call. If you have any remaining questions, please feel free to contact Investor Investor Relations at 801-954-7961.

    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 what that helps you -- David, sorry. Yeah. It helps you --

    Prediction (one of UP, DOWN, SAME): UP
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
No. I would say there were some unusual items. You may recall that, typically, our fourth quarter expense ratio is a little bit lower than other quarters just because we accrue for assessments throughout the year. And then, if the states are not going to assess us, those typically come down in the fourth quarter. But we did also see decreases in compensation expense, commission expense, and in professional fees in the quarter. But I would look to that run rate of $25.5 million for the full year as a guide, going forward, because most of these were one-time in nature. The $25.5 million, obviously, we also expect that, although we'll try to hold expenses in line with the decline in premiums, we would expect that the expense ratio would tend to trend upwards.

    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 mean for the non-core businesses that we're divesting?

    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, it's a good question. We've been asking ourselves that lately and doing some studies with external vendors around price elasticity now that we've been in the market for -- coming up on the anniversary in July. We think it's a good time given we pioneered this model, we kind of introduced and set the price to check in and getting some really valuable data. And we'll be making any necessary pricing changes as a result of that.
I think it's a bit too early to share the specifics on what might change, but it's definitely something we're looking at and wanting to be able to maximize our revenue share as a result of the attractive pricing model that we've introduced.

    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. Hi. Thank you. My first question is on the annual automotive contracts with the automotive OEMs and what's your expectation for 2022? I understand it's still early stages, but would appreciate any color, given the significant move in the underlying spot pricing? Thanks.

    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 I think we are just starting this trial and opening for enrollment this month. We will obviously be moving as rapidly as possible on this global trial to enroll as rapidly as possible. I think our date of late 2023 is first guess around enrollment and we'll clearly update you on that as we go through the trial.

    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 would say that 2021 was primarily a lot of belt tightening that we did and it's not necessarily something repeat in 2022 and of course we'll provide that in more detail with our guide in 2022.

    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
 
Okay. With that Thierry, and Roland, I'd like to end the call and thank all of you for your participation, again. If you have any questions or comments, please do not hesitate to reach out to Phoebe and me for further discussions. Thank you very much.

    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. Thanks. So the biggest thing on that was our performance bonuses on that. We kind of fully funded that this quarter. So that should step down a little bit, probably about somewhere between $300,000 to $500,000 in the next quarter from where it is 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
 
At Malartic?

    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 John, I'll first comment about the industry. Yeah, I will say that given our outlook on raw materials, which is for raw material cost increases principally in the second half in the range of $125 million to $175 million, if today's raw commodity spot prices hold, the pricing actions that we took at the end of the year, we would generate enough pricing to cover about half of that cost in Q3 and Q4. So, there is more that we would have to do in order to fully offset raw material costs. So I mean mathematically I think that's it. And I think what we're focused on is continuing to manage raw material cost with price mix and that's how we handled in the past, that's how we would expect to continue to handle it.

    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
 
Okay. Great. Thanks, everyone, for the good discussion. If you should have any additional questions on today's earnings release, please feel free to contact me directly. Tiffany, could you give the replay instructions again?

    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
 
Other developments around Link 16, is that the question?

    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 think, Jason, part of that is just due to the fact that the Vantage team has done a really good job in working with their GCs and their suppliers in terms of accessing the materials that are needed. I mean, just as an example, Jesse, refresh my memory, which project this was. But one of the projects that we just got underway in Texas, I believe it was the Helotes project that what the Vantage guys actually did was negotiate a bulk purchase of the lumber needed for that project that was paid for immediately at closing with the draw and then the lumber was then stored offsite in a bonded warehouse to make sure that the materials were gonna be available on an as-needed basis. So there are some, I think, very smart things that the Vantage guys have done to manage their supply chain process and make sure that materials were there and available as needed on the projects that they have underway.
I also think that through the management of things like that, given the pullback we saw from a lot of other market participants in the time frames earlier this year when there were high construction commodities prices, it freed up labor like framing crews such that they were able to get more crews on site because there wasn't other work open or available to them and allow them to accelerate the pace of construction. So I hear what you're saying in terms of kind of what you're hearing from other market participants, but I think quite candidly, from our perspective, that a little bit of that uncertainty and turmoil has actually worked to our favor. And I think, the Vantage team has done a great job of taking advantage 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
 
Well the large-scale projects that I just referred to during my opening remarks was a Huawei replacement project in India. I mean -- and I know the general market gets nervous about large-scale projects in India from a margin perspective but I do think that India, as a country and at least the for large-scale service providers there realized that in order for them to adopt technology from North America and European-based companies, the pricing and margin is going to change. So that's an exciting win for us. There are several large Tier 1s that we are aggressively pursuing in Western Europe, and a lot of those decisions we expect to be made between now and the end of the year.
And I think there's certainly a great opportunity for DZS, especially with most of those companies already having Nokia in their network and they're looking to to replace Huawei with at least one or maybe even two additional technology suppliers.

    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, guys. Good morning. Thanks for all the color. I'm kind of curious on capacity.
Can you just talk about where you currently stand from a capacity standpoint given the challenges you mentioned on the labor side and the inventory side? You've had the best quarter-over-quarter improvement case growth-wise relative to your peers here. But I'm just kind of curious as to how you're positioned for the coming months. And do you think that there is some constraint around capacity or whether you'll be able to navigate 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. The cost of bifacial would go up. And because its trackers, it could go up. And so that's why, just looking at the cost per watt may not be fully -- it probably wouldn't give the entire picture.

    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
 
Good morning, guys. Kind of circling back to the acquisition's discussion earlier. Justin, as you sit here today and based upon what you're seeing from brokers and others, do you guys anticipate, though, being a net acquirer net of dispositions this year? And if so, to kind of what level is measured in out of that tens or hundreds of millions of dollars?

    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
 
This is David. I think that capex and spending is important to the customer still and I think we've had some customers talk about their emissions from completions being really a smaller -- much smaller component of their total emissions program. Some companies have mentioned that they're really focusing on production as it relates to emissions more so than completions activity. So, there are customers that are asking for this type of equipment but there is also still some sensitivity to total cost of their completion program.
So I think the migration will continue, but there are still customers that are putting efficiency and as Sam mentioned earlier frac efficiency at really the top, right now. A few other customers are making some moves to electric and other specific lower emission solutions, but that's going to take 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
 
Good morning, gentlemen. I was wondering if you could kind of help us with how you think the sequential progression of volumes could trend in kind of 3Q and 4Q. I know that maybe some non-op pads got shifted a little bit in terms of timing. But maybe you could help buy-siders out there who have been asking us kind of questions on that 3Q/4Q trajectory.

    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, a couple of different things there, Kurt, that you touched on. So when I look at the market overall, there are some interesting things going on. I think there are some customers that are struggling as it relates to COVID, specifically, let's say, like in the healthcare vertical. So there are some things we're trying to do to adjust there to leverage our leasing and help those customers out. I do think, overall, when you look at the market, I think in the enterprise space, there seems to be more cash, where people have the ability to spend. And we saw that in our numbers, where we had some higher enterprise spend in 1,000 employees and above. So I'd call really kind of your mid-market to enterprise accounts where you saw some upticks. So I think the visibility is good. I think the sales cycle in some of these smaller customers is a little bit longer. And I think that will stay in place until we get some resolution on COVID.

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