Looking for growth and value in a topsy-turvy market that's riddled with overpriced shares?

Consider Orange (ORAN) , with a nearly 6% yield and Hershey (HSY - Get Report) , after a more than 15% drop in share price, for your portfolio. Both have excellent growth potential.

Here's more on these two excellent options.

Orange

France's Orange is one of the largest operators of mobile and Internet services in Europe and Africa. It boasts of 252 million customers worldwide, with its 4G network in 16 countries. It's also cemented a strong foothold in the corporate telecommunication services space.

Orange also has 2.5 million fiber customers and 0.45 million kilometers of undersea cables.

To be sure, Orange is facing challenges, including competitive markets.

But Orange with its $8.5 billion in cash reserves should be able to keep moving forward, beating its sector as well as the broader market. Over the long-term, Orange will edge out players like Telecom Italia and BT Group, with its superior position in the converged services market where fixed line telephony, broadband and pay television will increasingly intersect.

Given its debt-equity ratio, which is in line with the industry, and better-than-average RoA and RoE, Orange is a safe bet.

Orange's stable earnings potential (31%+ earnings per share (EPS) growth annually for the next five years) suggests that it can sustain its dividends. Compare that to Vodafone's earnings de-growth 

The 4.2% yield, is an attractive proposition for those looking to move out from LM Ericsson, Nippon Telegraph & Telephone and China Telecom.

Hershey's

Hershey's is a good money-making opportunity, despite the market's reaction to the recent failure of Mondelez International to acquire the chocolate manufacturer for $23-billion. After Mondelez pulled out, Hershey's dipped over 15% in the last 30 days.

But that has created an opportunity for long-term investors to accumulate a quality stock at a discount.

Furthermore, ignore the company's 2016 guidance. A net sales increase of 1% should be seen in the context of other players in the segment. Kraft Heinz is expected to post a fall in sales this year and 1.6% jump next year and General Mills will post a 3.1% drop in sales for this fiscal year. The J. M. Smucker Company should post a 2.9% decline in topline.

Over the long-term, Hershey's should drive nearly 8% EPS growth annually, a better run-rate compared to food stocks like Kraft Heinz, General Mills and breakfast giant Kellogg (-30.5%).

However, Hershey's valuations at a PEG ratio of 2.79 is a discount compared to McCormick. 

Don't forget Hershey's healthy 2.6% yield, backed by six years of growing dividends. Hershey's has the potential for growth and income. 

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The author is an independent contributor who at the time of publication owned none of the stocks mentioned.