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

In today's edition, they discuss their top picks for the emerging Latin American market. This is a huge market as many companies continue to look for growth outside of the U.S. and Europe. The World Cup in 2014 and the Summer Olympics in 2016, both in Brazil, create tremendous opportunity for companies to cash in on this growing region. Which ones are best positioned to take advantage of this opportunity?

Brendan Byrnes and Austin Smith do not own shares of the companies listed above.  The Motley Fool owns shares of Telefonica. Motley Fool newsletter services have recommended buying shares of General Motors, Unilever, and Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.