Model is putting its weight at the top of the book: median conf 97, 6m +17.6% to +25.2%. Earnings yield vs bonds is the dominant driver in 6 of 10 names. Utilities, financials, consumer cyclical each

$EIX Edison International, $ALL The Allstate Corporation, $PCG PG&E Corporation. All top-3 with univ 100%. ↑ earnings yield vs bonds is the common thread, but the risk prints split: $EIX has ↓ short interest % as a drag, $ALL and $PCG get ↑ short interest % tailwind. $PCG adds ↑ 12mo momentum, $ALL gets ↑ fwd/trail P/E. +25.2%, +22.7%, +22.6%. $SOLV Solventum Corporation, $EME EMCOR Group, Inc., $GL Globe Life Inc. Same ↑ earnings-yield + ↑ short-interest pattern. $SOLV and $GL get an ↑ illiquidity boost, $EME gets ↑ vol instability instead. All sec 100/100/99, conf 97/97/96. +20.1%, +20.0%, +18.5%. $LEN Lennar Corporation, $MKC McCormick & Company, Incorporated. The two highest ↑ short-interest drivers in the book: +0.0745 and +0.0756. ↑ earnings yield vs bonds is second for both. $LEN consumer cyclical, $MKC consumer defensive. +18.1%, +17.9%, conf 97. $AMZN Amazon.com, Inc., $TGT Target Corporation. Late-book divergence. $AMZN has ↑ short interest % but ↓ illiquidity as a negativ

$EIX Edison International, $ALL The Allstate Corporation, $PCG PG&E Corporation. All top-3 with univ 100%. ↑ earnings yield vs bonds is the common thread, but the risk prints split: $EIX has ↓ short interest % as a drag, $ALL and $PCG get ↑ short interest % tailwind. $PCG adds ↑ 12mo momentum, $ALL gets ↑ fwd/trail P/E. +25.2%, +22.7%, +22.6%.