GE's Newest Foray Into Emerging Markets
This video is part of our "Motley Fool Conversations" series, in which industrials editor/analyst Brendan Byrnes and technology and media editor/analyst Andrew Tonner discuss topics across the investing world.
In today's edition, Brendan and Andrew discuss GE and its newest foray into emerging markets, with plans to potentially build power plants in Nigeria in a deal reportedly valued at up to $10 billion. Nigeria is severely undersupplied electricity-wise, so this deal could go a long way to remedy that. It will also help GE expand further into Africa, where it gets around 6% of its revenues from its Middle East/Africa segment.
GE is looking far and wide for revenues, but it's not the only one. There are three companies whose international growth stories we're particularly bullish on. If the trend continues, investors could be looking at internationally fueled new stock highs. Uncover them in our special 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. You can access it by clicking here. Enjoy, and Fool on!
At the time this article was published Andrew Tonner has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.