5 Best Stocks to Buy for Financial Independence

4. CVS Health Corporation (NYSE: CVS)

Number of Hedge Fund Holders: 56    

CVS Health Corporation (NYSE: CVS) is a Rhode Island-based healthcare firm founded in 1963. It is placed fourth on our list of 10 best stocks to buy for financial independence. CVS stock has offered investors returns exceeding 42% in the past year. The firm has diverse interests within the health sector, with major stakes in big pharmacy brands and health insurance providers. The firm operates at close to 10,000 retail locations across the US and also runs more than 1,000 clinical facilities.

On May 4, CVS Health Corporation (NYSE: CVS) stock gained more than 3% on the back of strong quarterly results and an improved guidance for the rest of the fiscal year. In the results posted earlier, total revenues for the company had increased 3.5% year-on-year to $69.1 billion.