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

In today's edition Austin and Brendan talk about new growth for two American icons. With developed economies at the low end of the growth totem pole right now, it may seem like many domestic companies have run their courses and have their best days behind them. While I certainly understand that attitude, I caution against it. In fact, now is the absolute best time to buy many American companies. The two we talk about in this video are taking their cash rich balance sheets and operational expertise and realizing incredible growth abroad. Watch the video to uncover these picks today.

Austin Smith owns shares of McDonald's. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool owns shares of Coach, The Coca-Cola Company, and Yum! Brands. Motley Fool newsletter services recommend Coach, The Coca-Cola Company, McDonald's, Nike, and Yum! Brands. 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.