Having some extra cash available, especially at a time when inflation is negatively affecting many Americans, is a wonderful position to be in. Obviously, the first priorities with this money should be to take care of any high-interest debt and set aside a small emergency fund. But then, a focus on investing should be the course of action. 

If you find yourself with $1,000 lying around, then take a closer look at these two successful businesses. An equal investment in each of these sounds like a good idea right now.

First on this list is Nike (NYSE: NKE). The sports apparel juggernaut reported revenue of $12.7 billion in its fiscal 2023 first quarter (ended Aug. 31), a 4% rise from the same period last year. Diluted earnings per share (EPS) fell 20% year over year to $0.93. 

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Source Fool.com