The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith discusses topics around the investing world. The industrials sector has an enormous amount of promise for investors today. The sector is expected to have the second highest growth rates this quarter, with machinery and conglomerates expected to be the best performers. Given these companies' intrinsic dependence on the global economy, and the fact that the U.S. has been a surprisingly strong market for many industrials stocks, Austin suggests looking at some U.S.-based companies such as Deere (NYSE: DE) and General Electric (NYSE: GE). 

With many other economies spinning out of control or showing slowed growth, the U.S. is likely to be a safe haven for the short term. While there is a lot of long-term potential for industrials stocks that focus internationally, such as Caterpillar (NYSE: CAT), the unknowns right now throw doubt in the wind and are reason enough to pause for Austin.

There are other companies outside industrials that are seeing red-hot growth. They've proved a bit more resilient to macro economic uncertainty. You can read about "3 Companies Set to Dominate the World" in our analysts' new report. Click here to uncover them today.