The following video is part of our "Motley Fool Conversations" series, in which Motley Fool senior technology analyst Eric Bleeker and chief technology officer Jeremy Phillips discuss emerging trends in technology.

In today's edition, Eric and Jeremy look at the few companies in the Internet services industry that are actually in positive territory this year. A few themes come through, but the most important is the continued outsized performance of leaders of powerful technologies in foreign markets. Companies like Baidu and Mercadolibre, which have managed to dominate niches controlled by American companies in other markets, present opportunities many investors are missing.

Eric Bleeker and Jeremy Phillips do not own shares of the companies listed above. The Motley Fool owns shares of Google. Motley Fool newsletter services have recommended buying shares of Baidu, Google, Mercadolibre, and NetEase.com. 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