Jim Margard, chief investment officer at Rainier Investment Management, co-manages the Rainier Small/Mid Cap Equity Fund -- which is rated "five stars" by Morningstar. The CIO told "Squawk on the Street" viewers which sectors and stocks he expects to keep growing.
Margard told CNBC's Erin Burnett that his firm owns shares "in all major sectors" -- but is having "a harder time finding attarctive stocks in the consumer area."
The strategist points to companies in the energy and infrastructure areas, especially those with a "growing business internationally."
Two stocks he recommends:
Nobel: Margard notes that the oil and gas exploration and drilling firm has attracted "some bears and a notable short position." But he says they're "missing the real story," and predicts earnings growth of "65% this year, 40% next year."
CB Richard Ellis Group: The portfolio manager says that "occupancy rates look quite good" for this property management firm specializing in business rentals. "Unlike residential, commercial and industrial (real estate) looks strong," says Margard, and the office-space company has the main "global presence" in those markets.