Stock Symphony: Murray Conducts Amazon, Hammond, and Tourmaline
Bruce Murray’s August 2025 stock picks highlight the AI revolution, electrification boom, and energy security with Amazon (AMZN), Hammond Power (HPS/A), and Tourmaline Oil (TOU).

Global equity markets are surging on the back of artificial intelligence. From oil exploration in Brazil to e-commerce logistics, AI is no longer a speculative theme — it’s a productivity engine reshaping industries. Bruce Murray, CEO and CIO of Murray Wealth Group, sees the coming years as a golden period for companies that can marry innovation with scale, and he’s betting big on three names that fit the bill: Amazon.com (NASDAQ: AMZN), Hammond Power Solutions (TSX: HPS/A), and Tourmaline Oil (TSX: TOU).
Murray’s market outlook is anchored in the view that the industrial economy has regained its footing after the pandemic’s turbulence. Skilled labour shortages have largely eased, although certain sectors like aerospace still face parts supply delays. Canada, he argues, is well-positioned to thrive, with resource-driven activity offsetting the impact of tariffs. Despite the noise, 90 per cent of Canada–U.S. trade remains protected under USMCA. For Murray, tariffs are a speed bump, not a brick wall.
With the Bank of Canada potentially cutting rates later this year, income stocks also look appealing. But his focus remains on businesses capable of sustaining high growth, leveraging AI, and riding long-term macro trends.
