Natural Resource Stocks Look Promising: Portfolio Manager


Natural resource stocks are looking good, according to U.S. Global Investors Portfolio Manager Evan Smith.

The best trade now is DryShips , one of the leading dry bulk carriers on the globe, said Smith on "Morning Call."

"Their Baltic dry shipping index is at an all time high due to massive movements of coal and iron ore and grains around the world," he said.

Smith said this is the time to buy DryShips.

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"We think seasonally we'll see a little pullback here, and then we think the stock will move higher, particularly later this year and next year," he said.

Smith also likes Reliant Energy , an independent power producer, and Petroleum Geo-Services  , a provider of geophysical services that allow oil companies to know where to drill beneath the ocean.