by Tyler Durden By Michael Msika and Albertina Torsoli, Bloomberg commentators and reporters, Since equity markets hit their pandemic lows in March 2020, all talk has been of recovery. And with bond yields on the rise, cyclical stocks have left defensives toiling in their wake, a theme that continues to play out. The latter’s underperformance has been particularly marked among consumer staples, and for investors seeking quality names, that may present opportunity. According to Bernstein analyst Bruno Monteyne, the rotation away from staples provides “good entry points” to names such as cosmetics leader L’Oreal and chocolatier Lindt & Spruengli. It’s also a “great moment” to buy into the Swiss food giant Nestle, he says.