Short scan — S&P 500 — Thursday, September 10, 2026. BOOK: 6m -13.8%..-9.8%, median conf 93 DOMINANT DRIVER: earnings yield vs bonds in 5 of 10

1. Trimble Inc. ($TRMB) · Technology · univ 0% · sec 1% · -13.8% · conf 94 2. Realty Income Corporation ($O) · Real Estate · univ 0% · sec 3% · -12.7% · conf 92 3. Coinbase Global, Inc. ($COIN) · Financial Services · univ 1% · sec 1% · -12.2% · conf 93 4. Molson Coors Beverage Company ($TAP) · Consumer Defensive · univ 1% · sec 3% · -11.2% · conf 93 5. Jacobs Solutions Inc. ($J) · Industrials · univ 1% · sec 1% · -11.2% · conf 94 6. Dow Inc. ($DOW) · Basic Materials · univ 1% · sec 5% · -10.9% · conf 91 7. Tyler Technologies, Inc. ($TYL) · Technology · univ 1% · sec 2% · -10.6% · conf 93 8. The Mosaic Company ($MOS) · Basic Materials · univ 2% · sec 10% · -10.1% · conf 88 9. Pfizer Inc. ($PFE) · Healthcare · univ 2% · sec 2% · -9.9% · conf 93 10. Mastercard Incorporated ($MA) · Financial Services · univ 2% · sec 3% · -9.8% · conf 93 So-what: conviction screen — watch whether drivers persist.

1. Trimble Inc. ($TRMB) · Technology · univ 0% · sec 1% · -13.8% · conf 94