Short interest is the dominant driver (6 of 10), but earnings yield vs bonds is right there. Model leans cheap-vs-bonds + crowded shorts + illiquidity. Book 6m +9.7% to +13.5%, median conf 87. Sector

Fiserv, Inc. ($FISV) tops it: +13.5%, conf 87. ↑ short interest, ↑ earnings yield vs bonds, ↑ illiquidity. McCormick & Company, Incorporated ($MKC) is the same print in Staples: +11.3%, conf 87. ↑ short interest, ↑ earnings yield vs bonds, ↑ illiquidity. Model loves this combo. The Allstate Corporation ($ALL) +10.8%, conf 87: ↑ earnings yield vs bonds, ↑ short interest, ↑ fwd/trail P/E. Edison International ($EIX) +10.7%, conf 87: ↑ earnings yield vs bonds, but ↓ short interest and ↑ illiquidity. Utilities/Financials both rate-sensitive. BNY ($BNY) +10.7%, conf 86: ↑ short interest, ↑ illiquidity, ↑ 60d volatility. PG&E Corporation ($PCG) +10.5%, conf 85: ↑ short interest, ↑ earnings yield vs bonds, ↑ 60d volatility. Same crowded-short bid, different sectors. Solventum Corporation ($SOLV) +10.5%, conf 87: ↑ earnings yield vs bonds, ↑ illiquidity, ↑ short interest. Globe Life Inc. ($GL) +9.8%, conf 85: ↑ short interest, ↑ earnings yield vs bonds, ↑ illiquidity. Same DNA, different secto

Fiserv, Inc. ($FISV) tops it: +13.5%, conf 87. ↑ short interest, ↑ earnings yield vs bonds, ↑ illiquidity. McCormick & Company, Incorporated ($MKC) is the same print in Staples: +11.3%, conf 87. ↑ sho