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. So it's always hard to make a match who shows up and who doesn't. I think we are getting back to our core volume with some deferred beginning to show up, right? So if you think about it, there's -- some of the delay is based on timing of vaccination, what's going in a given market. We saw -- what you've seen in the first half of the year is the government business come back faster, largely vaccinated sooner.
And so we think some of that backlog is likely in the commercial book when you think about what you're seeing. And clearly, we feel like we're back to our core run rate in a lot of our core services. But we are hopeful, and we'll see how this plays out, but there are some deferred cases there across that 18-month period that will begin to show up as people feel more comfortable and get vaccinated. If that answers your question.

    Prediction (one of UP, DOWN, SAME): DOWN
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
Hey. Thanks for taking my question, and congrats to the team on the really terrific quarter here. This is awesome to see after the seasonal weakness in Q1 and COVID impacts there. Maybe on the commercial side of things, for Clay or for Chip, can you maybe talk to US trends versus ex US and European trends? And perhaps how that Q2 outperformance related to easing of COVID-19 restrictions? And any commentary you can give on early signs of how that's continuing into Q3.
And I'd love to hear any commentary you can give around US versus European growth, especially as it relates to the geographic expansion for TUKYSA.

    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. No, we -- no union constraints. And again, as you know, we're unionized in Turkey and in Matamoros, no constraints there. And I will tell you in China, and this is very recent, we were on a voluntary shutdown in one of our plants in China for a number of reasons. It's likely we'll be shut down an extra week there because of what China would call an outbreak. There's like 32 -- 128 cases in Yangzhou City, so relatively small for the numbers we're used to in the U.S. and elsewhere, but they tend to shut things down pretty quickly there with their zero tolerance. So I would expect we'll be shut down for an additional week unplanned but will not impact our overall volume for the quarter or for 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
 
Hi, thanks a lot for taking the question. So maybe I'll just ask you to drill down a little bit on testing and the assumptions that you have for testing in the year. You came in really strong here in Q4 with a big step-up sequentially. What are you assuming in the $5 for testing throughout the year, if you could discuss some of the different product lines. And then maybe if you could provide some high-level thoughts on how much of a tail of testing we might see into '22 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
 
That's really difficult to determine. We really haven't been able to quantify it to a great extent.

    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 could even be a little bit better just based, if you think back to 3Q and 4Q of last year, we were still in the middle of the Ameris and Fidelity integration. So we still have some dual systems, and we also didn't have the robotics in place. So, they've done a tremendous job improving their efficiency ratio. So, that's definitely where we expect a variable cost. But then often, we'll see the rest of some of that efficiency.

    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. Can you talk about the environment for recruiting fee earners now that the transaction volume in capital markets has started to recover?

    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, it's a great question. As we think about traffic and ticket in 2021, there's a lot of variables and still some uncertainty as we begin to lap that. We're going to be nimble and have shown in the past that we can shift very well to that. So, as we think about the business with ticket and traffic, I'll give you some thoughts on ticket drivers. Certainly some level inflation that could be driving ticket, if there's continued trip consolidation, it helps in the ticket, but other aspects on traffic -- as areas such as trip consolidation, there is a bit more normalization on trip consolidation as we begin to cycle some of the COVID demand. And if there is inflation, it sometimes has an offset on the traffic. So point[Phonetic] being, there is a number of variables in there. And as we cycle this, we see our opportunity in both categories, and there can be some some risk and shift in both. And we've contemplated those aspects in our guidance for comp sales as we begin to cycle the COVID lift, that we saw starting in Q2 of 2020, and we anticipate that there's not a meaningful shift from either one as we see it at this point. But both have variables that could drive it up or down.

    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. So like Brian said earlier, it's a $25 million revenue business, and it's all tax-related. So typically, the tech margins are going to be a little bit higher than normal. So you might not look at it as compared to a normal widget because it's in the tech field.
And Erwin Hymer is their largest customer. But in Europe, we do just as much business with the other large player over there, Trigano, as we do Hymer. So there's -- that's where the opportunity is for us is to introduce some to other customers like them that they're not doing any business within and jump their sales up pretty significantly, pretty quick because they've got capacity.

    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, even with the higher growth in depreciation, Gokul is asking, are we still comfortable with the 50% gross margin?

    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
 
It was nothing material for us. I mean it -- it's something to watch across all others. I mean, the thing I'm really watching more, David, is the two confirmed cases of African swine fever in a commercial herd in Germany that came out last week. I think that could be a much bigger impact. So, I think, we continue to look for what's going on around the world and find ways to, as Steve mentioned, we did the opportunistic sales last year, and we'll find a way to fill that gap with new opportunities this year because that's what we do.

    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, Steve.

    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, obviously, with a significant increase in production capacity in the fourth quarter with side-by-side, we believe that we -- it will provide us with an important competitive advantage in our ability to replenish inventory and supply to demand. So that should be driving market share gains for side-by-side 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
 
I think there are a couple of pieces to your question, Robin. Number one is we have the ability under our existing credit waiver agreement to acquire $2 billion of assets subject to our maintaining $600 million of liquidity in the company. That's point number one. The second piece of it is that we do have some flexibility on asset sales to take that capital and redeploy it into other acquisitions going forward.
I think Sourav can correct me here because it's been a while since we talked about the waiver. But if it's like-kind exchanges, we have a lot of flexibility to do that going forward. And then we have another bucket that just allows us to recycle capital. So we have a lot of flexibility under the existing credit waiver agreement to continue to acquire assets.
And if we saw ourselves in a position where there were really truly attractive acquisition opportunities out there, and we needed to get more flexibility given our long-standing relationship with our bank group, we would have no problem going back and having a chat with them and getting an amendment to the existing waiver that's in place 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
 
Sure. So in the next quarter, we have about $150 million CDs maturing. The rate on those is about 1%. Our highest operating rate -- base rate now is about 55 basis points.
So we do expect to see some more reduction in our cost of funds in the next 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
 
Thank you, Scott.

    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'm going to sound like a broken record here, Rob. So I feel comfortable with the business in that 35%, 36% in the mid. And I've always said it will bounce around a little bit. I am more comfortable when you look at it year-over-year. And if you look at it year-over-year, it's still in that 36% range. I think, Q4, we did a good job managing expenses. I think there was a number of factors in that, including some expenses that did not repeat from Q3 and some investment downtick. But part of the key for our continued and sustained growth in this business, which I think is the key that we're looking for banking as well, is we've always looked to expand out to future markets, expand out our solution, invest in our solutions and platform.
And we'll continue to do that. And with that continued investment spend, which, again, we don't capitalize, we expense, that will mute down the margins a little bit. But will we get a couple of quarters? And can we start to tick up a little bit here and there? Yes. And I think when we asked this -- if you were to ask this and look back five years ago, I kind of caveat it in the 34%, 35% range. So I do think there's a progression. I just don't think it's as big as a progression as we saw this quarter.

    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, Ketan.

    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
 
We would -- our target is still that 4 to 4.5 range. But Shneur, like I stated in the past, we do always look out at the forecast. So when we make these decisions, we're not just looking at any one specific point in time. We're looking at our projections and where we see the leverage going.
So it's something that's more of an outlook. So there's not a bright line if you will. So that's the reason we felt comfortable saying that we look at returning some to our -- returning capital to our unitholders even in the form of distributions or unit buybacks.

    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, John. Thanks for the question. So when it comes to the visibility on the investments, we continue to see investment shifting to the second half of 2021 and also when we are looking at the funnel of the opportunities that we see coming up, we see that the funnel has increased in the last quarter, in Q4, versus what we had at the end of October. And also when we closed January, the funnel has increased in January over December. But that increase is not really coming from oil and gas. That increase is coming more from, generally, industrial and petrochemical. So we don't see the opportunities in the funnel coming. Okay? So having said that, I can tell you that the activities is bubbling up as I was talking to Hamdi Salama Wal'ahad [Phonetic] in the Middle East, and he was telling me that things seems to be moving over there, where we are making an investment actually in our facilities in enlarging our test tent [Phonetic] over there.
Going back to the second part of the question, which is the fracking. Fracking is not an area where we are really playing in terms as ITT, with the exception of our oil and gas connectors. But we -- before these -- before COVID, we made an agreement with an oil producer for a solution with our twin screw pumps, our multiphase pumping, an exclusive deal, where they will be able, with our solution, to eliminate completely the flaring and this is an important initiative for the oil producer these days. You know the pressure that they are under the ESG.

    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, I would acknowledge that in my view, when I looked at the balance sheet before I started and assess is that, it's [Phonetic] -- I don't know if I would use the word bloated, but certainly it could be rationalized and hopefully the decision to sell the MSR assets and wind down correspondent lending as evidence of our willingness to make pretty decisive decisions pretty quickly.
I mean that was decided maybe my third week here and then it takes a while to execute. So, I would agree with you, we're going to be very disciplined about capital. I mentioned the balance sheet committee. We're going to be the best. So we need to be more focused and use it with great discernment, and we will manage the balance sheet appropriately going forward.

    Prediction (one of UP, DOWN, SAME): SAME
You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME
 
That's -- as a matter of fact, you know that for quite some time, inventory distribution was a concern, a year ago or so and it worked -- and we worked down this inventory levels at distribution over the time span of nearly a year. In the meantime, I must say really in Asia, inventory is low, very low and people yearn for more, can I exclude double booking, not really, not exactly, but the book-to-bill is quite overwhelming 1.6 and really as you said, clearly we base our guidance on what we can ship.

    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. Thanks, Mike. I mean what I would say, obviously, this is always the toughest time of year to sort of predict out two and three quarters. Everybody is charging hard. There's lots of clients that want to close transactions for Q4. So how the mix of revenue between Q4 and Q1 depends on some of those closings. We're certainly seeing in certain business segments, some of the regulatory review taking a little bit longer, but again, the backlog is very good we expect and have good visibility in what we see to close for Q4.
I would say the other thing for us that's a little more complicated is just -- Q1 is over the years our softer quarter. So what happens will depend on how much business slides into Q1. But right now, we are starting to build that backlog. We are starting to identify the deals that are going to close in Q1, and so certainly feel good about relative to other years, how early next year is shaping up.

    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
 
Once we get the FDP, we can give granularity on that and again the breakeven is going to be between $25 and $32 per barrel Brent.

    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. Operator, were there any more 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
 
It's $11 million to offset the effective taxes that you would otherwise model into 2021.

    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, obviously, we're very pleased with that equity offering. It was nice to pay off the debt, save a little bit of interest, have a clean balance sheet optically for potential sellers, and just frankly, to have more dry powder. In terms of the pipeline itself, I would say, during COVID, it did restrict travel a little bit. A lot of the congresses had shut down. We're seeing them starting to open a little bit and travel is picking up a little bit. So we are pursuing various targets. I think maybe an object lesson from the Artegraft acquisition a little over a year ago was for us to be considering larger targets. Artegraft is going very well, obviously, as you can tell. And also to borrow money we've got a lot of EBITDA, we could leverage that. So we are looking at larger targets these days. I would say our focus hasn't really shifted, we're still focused really on disposables and implantables used by vascular surgeons. Maybe branching out a little bit into endovascular or cardiac surgery, but we like the niche markets and we can look a little bit larger. So we just wanted to be prepared for that and we'll see when a willing seller that meets all of the strategic criteria shows up we will be ready for if and when that time comes.

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