Today, analysts Andrew Tonner and Austin Smith discuss  volatile telecommunications company Telefonica. The company recently indicated efforts to raise almost $1 billion in an effort to pay down its enormous debt, and is still looking for alternatives to its huge European market share. However, emerging market growth could ease the company's concerns if debt comes under control.

Telefonica is not the only company that will benefit from continued growth in markets like China. But investors should be aware of the balance of manufacturing power shifting yet again. If you're looking for a way to capitalize on these changes, you can profit with the 3 Stocks To Own For The New Industrial Revolution. They're the biggest industry disrupters we’ve seen since the personal computer, and you can read more about them in our free analyst report