3 Great Foreign Companies to Invest in Right Now

The following three international companies have great exposure to exciting growth trends and each has shares traded as American depositary receipts (ADRs). This makes it easy for investors to buy into German industrial giant Siemens (OTC: SIEGY), French industrial software company Dassault Systemes (OTC: DASTY), and Swedish mining and engineering equipment company Sandvik (OTC: SDVKY). Here's why all three are attractive stocks. 

This industrial company recently raised its full-year 2023 guidance for revenue growth and earnings, making the second raise this year. This highlights the growth potential in a business that's been restructured over the years to focus on three key businesses: digital industries (factory automation, process automation, motion control, and industrial software), smart infrastructure (electrification, smart buildings, electrical products), and mobility (rail stock and infrastructure).

Management now expects digital industries revenue to grow 17% to 20% in 2023 compared to an expectation of 10% to 13% at the start of the year. It's a move mirrored by Rockwell Automation, which has hiked its full-year guidance twice through the year as well. Meanwhile, the electrification and smart buildings sector has been hot in 2023 -- smart infrastructure revenue at Siemens is now expected to grow 14% to 16% compared to an expectation of 8% to 11% at the start of the year. The icing on the cake comes from record quarterly orders of $6.2 billion in mobility in the fiscal second quarter, which ended March 31. Management hiked its full-year revenue growth guidance for the segment to 10%-12% from 6% to 9% previously. 

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Source Fool.com