The alcoholic beverage arena has been increasingly marching towards consolidation in the last few years. This means many of the best deals have already been had, and the few remaining acquisitions to be undertaken will likely be done at too high a cost. 

The most recent domino to fall in this chain is Diageo (NYSE: DEO), which is in talks for a $3 billion takeover of Jose Cuervo. This deal has more merit than other recent acquisitions and would give Diageo more control in the key growth market of Latin America. With a great dividend and an even better portfolio, Diageo is my top pick in this sector today.

Diageo is a truly global brand, but our top analysts have picked three different names to leverage the boom in emerging markets. The report is called 3 American Companies Set to Dominate the World, and you can click here to get your free copy and uncover these top picks before it's gone.