Book is +8.7% to +11.3% for 6m — tight ±1.3% band around 10%. Median conf 87. Earnings yield vs bonds is in every name; short interest is the swing factor. Top 3 are all 100/100 univ/sec. Sector conce

Fiserv, Inc. ($FISV) is #1: +11.3%, conf 87, perfect univ/sec. Short interest +0.0797, earnings yield +0.0694, 60d vol +0.0252. Tech at the top is the tell. McCormick & Company, Incorporated ($MKC) is the same print: +10.9%, conf 87. Short interest +0.0749, earnings yield +0.0711, illiquidity +0.0222. Consumer Defensive is getting the crowded-short bid too. The Allstate Corporation ($ALL) +10.8%, conf 87. Earnings yield +0.0711, short interest +0.0512, fwd/trail P/E +0.0214. Insurance as bond proxy. Solventum Corporation ($SOLV) +10.4%, conf 87. Earnings yield +0.0685, short interest +0.0291, illiquidity +0.0288. Healthcare top rank, same macro cheapness. Edison International ($EIX) +10.1%, conf 87. Earnings yield +0.0667, illiquidity +0.0258, short interest ↓ -0.0268. This is the outlier — no squeeze fuel. PG&E Corporation ($PCG) +9.9%, conf 85. Short interest +0.0695, earnings yield +0.0622, 60d vol +0.0219. Utilities split: one shorted, one not. Watch that. Dollar Tree, Inc. ($DLTR)

Fiserv, Inc. ($FISV) is #1: +11.3%, conf 87, perfect univ/sec. Short interest +0.0797, earnings yield +0.0694, 60d vol +0.0252. Tech at the top is the tell. McCormick & Company, Incorporated ($MKC) is