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?

While we like these companies to take advantage of the emerging Latin American market, our chief investment officer has picked out a different company for explosive growth in Latin America. For details, check out The Motley Fool's brand-new report, "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. You can get instant access to the name of this company by clicking here -- it's free.