These global competitors aim to boost revenues and earnings by tapping opportunities abroad, including those in emerging lands. Coca-Cola, McDonald's, and Caterpillar are among the many US-based players operating abroad. Don't forget foreign multinationals. "Volkswagen is the biggest seller of autos in China, and Switzerland-based Richemont [a luxury-goods group] gets close to 60 percent of its revenues from emerging markets, one way or another," says Ray Mills, portfolio manager of the T. Rowe Price Overseas Stock Fund in Baltimore.
Look for large-cap stocks that have a sizable, and growing, presence overseas.
