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

In today's edition, Brendan and Austin discuss Manitowoc's recent earnings release and subsequent stock decline. The crane and food-service company missed analyst expectations, but it did manage to eke out a small profit, making it the fourth consecutive profitable quarter for Manitowoc. Still, shares of Manitowoc have sold off hard since the earnings announcement, but Brendan thinks this creates opportunity. He sees solid demand for cranes, especially in emerging markets like Brazil, where the 2014 World Cup and 2016 Summer Olympics will be held, and where Manitowoc has been expanding its presence. In addition, the company's shares are cheap, trading at around 8 times forward earnings. 

Manitowoc has been expanding its presence in Latin America and other emerging markets, but it's certainly not the only one. Emerging markets are giving new life to established American companies with deep pockets. As these industry titans look abroad for more sales, they aren't starting with a blank slate -- they're bringing their operational excellence to new markets and thriving. To uncover three of our favorite picks to take advantage of this trend today, we invite you to read a copy of our free report: "3 American Companies Set to Dominate the World." The report won't be available forever, so we invite you to enjoy a free copy today. Click here to get your copy today!

Austin Smith owns shares of McDonald's. Brendan Byrnes owns shares of Caterpillar. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Cummins and McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.