Model’s leaning hard on short interest and earnings yield vs bonds. Short interest is the dominant driver, showing up across most of the book. Utilities, financials, healthcare each show up twice. Con

Fiserv, Inc. ($FISV) leads: +14.3%, conf 94, short interest (+0.0797) and earnings yield vs bonds (+0.0694). McCormick & Company, Incorporated ($MKC) is the defensive echo: +11.8%, same combo. Edison International ($EIX) flips it: utilities, +11.0%, but short interest is a drag (-0.0268). PG&E Corporation ($PCG) gets the utility push: short interest (+0.0695), earnings yield (+0.0622), 60d vol (+0.0219). Globe Life Inc. ($GL) and Solventum Corporation ($SOLV) are tied at +10.7%: GL gets a short-interest nudge, SOLV gets more earnings yield and illiquidity. EMCOR Group, Inc. ($EME) is the industrial outlier: +10.6%, short interest and 60d vol do more than earnings yield. BNY Mellon ($BNY) prints a short-interest driver of +0.0797, tied for the biggest in the book. Lennar Corporation ($LEN) is the cyclical with a momentum drag (-0.0191) even as short interest pushes. Elevance Health, Inc. ($ELV) rounds out the book: +10.0%, earnings yield vs bonds (+0.0477), 6mo momentum and alpha both +

Fiserv, Inc. ($FISV) leads: +14.3%, conf 94, short interest (+0.0797) and earnings yield vs bonds (+0.0694). McCormick & Company, Incorporated ($MKC) is the defensive echo: +11.8%, same combo. Edison