France's CAC 40 has done reasonably well this year, beating the S&P 500 and major European indexes like the FTSE, but Orange SA (NYSE:ORAN) has blown the overall French market out of the water with the shares up almost 40% year to date. Shareholders have definitely embraced the company's ongoing cost reduction efforts and the company's major markets have largely settled down in terms of pricing.
Orange SA still has some opportunities to improve on its own, including 4G and fiber rollouts, but the shares valuation seems to factor a lot of that in right now. For the shares to keep up this momentum, I think the market needs to see more consolidation. With rumors out that Orange...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|