Wells Capital’s James Paulsen says he thinks investors would be wise to look at stocks in the emerging market, industrial, and financial areas of the market.

In a radio interview, Paulsen told MarketWatch’s Larry Kofsky that he thinks a resurgence in emerging market growth and growing confidence in the U.S. make those areas attractive right now, and discusses why he thinks investors should lighten up in defensive areas like utilities and dividend stocks.

Paulsen also talks about first-quarter earnings, and says that with so little expected, it should be easy to top expectations. To listen to the full interview, click here.