For many investors, $1,000 is a solid amount of money. And with the S&P 500 down by 20% over the last year, now is a great time to shop for deals in the market. Let's discuss reasons why Amazon (NASDAQ: AMZN) and Phillip Morris International (NYSE: PM) could turn your money into significantly more over the long term. 

Like many big tech companies, Amazon is reeling from a tough combination of rising rates, inflation, and a possible near-term recession. But while these headwinds caused the stock to lose roughly half its value last year, they don't change its long-term thesis. 

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Source Fool.com