The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin helps investors answer the question: Should I buy Procter & Gamble today? The simple answer is yes. Procter & Gamble is a great long-term buy-and-hold story, but there is one consumer goods company Austin likes a little more. And coupled with one potentially damaging macro factor, perhaps Procter & Gamble is not the best company in this space right now.

Many investors may be leery of the retail sector right now. But there is one area we are focusing on for super-charged growth: emerging markets. The Motley Fool has profiled three of these top companies in our new free report: "3 Companies Set to Dominate the World." The report is free today but won't be forever, so check out your copy today by clicking here. Enjoy, and Fool on!