Markets notched up yet another day of gains on Tuesday following a strong rebound in oil prices as supply disruptions continued. Both the Dow and the S&P 500 closed at their highest settlement so far this year. However, tech stocks were dragged lower primarily due to disappointing earnings from Big Blue. Job cuts from one of the world’s largest chipmakers reported after the close of trading lengthened the shadow over the sector.However, tech stocks remain a good bet after rebounding sharply in March. Additionally, the blue chip tech stocks offer stable returns and steady dividend flows. Picking such stocks make perfect sense even at this point in time.IBM, Intel Send up Red FlagLate on Monday, International Business Machines Corporation IBM reported first quarter non-GAAP earnings per share of $2.35 and revenues of $18.684 billion, which declined 19.2% and 4.6%, respectively, year on year. Shares of IBM declined 5.6% on Tuesday. IBM’s decline dragged technology stocks downward.Meanwhile, shares of Intel Corporation INTC declined almost 3% in after hours trading when it announced it was cutting 12,000 jobs. This amounts to nearly 11% of the company’s employees and is part of a restructuring plan running into next year aimed at cutting costs by nearly $1.4 billion on a pre-tax annualized basis.Tech Stocks Remain PromisingLarge tech stocks had a dismal start to the year, but have recovered subsequently, garnering significant gains in March. Last month, the likes of Facebook, Inc. FB, Alphabet Inc. GOOGL, Microsoft Corporation MSFT and Apple Inc. AAPL moved up 6.7%, 6.4%, 8.6% and 12.7%, respectively. As a result, the Nasdaq managed to limit its loss to 2.8% in the first quarter after losing as much as 18% around the middle of February.The tech heavy index is down 1.3% year to date but has gained 1.8% so far in April. Investors have regained their confidence in these stocks given their inherently strong fundamentals. Concerns remain about a possible slowdown in IT expenditure. But blue chip tech stocks are a strong bet since they offer steady dividends and a significant degree of stabilityOur Choices Even though tech stocks suffered at the beginning of the year, they have made a strong recovery since then. Moreover, blue chip options from the sector, which offer steady dividends and stability, remain good picks.This is why it makes sense to add them to your portfolio. At the same time, it is crucial to pick winning stocks.This is where our VGM score comes in. Here V stands for Value, G for Growth and M for Momentum and the score is a weighted combination of these three scores. Such a score allows you to eliminate the negative aspects of stocks and select winners. However, it is important to keep in mind that each Style Score will carry a different weight while arriving at a VGM score. We have narrowed down our search to the following stocks based on a good Zacks Rank and VGM score.Taiwan Semiconductor Manufacturing Company Limited TSM designs, manufactures, sells and markets semiconductor devicesTaiwan Semiconductor Manufacturing has a Zacks Rank #2 (Buy) and a VGM Score of A. The forward price-to-earnings (P/E) ratio for the current financial year (F1) is 13.90, in line with the industry estimate. Its earnings estimate for the current year has improved by 1.7% over the last 30 days. The stock has a dividend yield of 2.3%.Lam Research Corporation LRCX supplies wafer fabrication equipment and services to the semiconductor industry.Lam Research has a Zacks Rank #2 and a VGM Score of A. The company has expected earnings growth of 18.3% for the current year. It has a P/E (F1) of 13.73, which is lower than the industry average of 18.09. The stock has a dividend yield of 1.5%.NVIDIA Corporation NVDA offers digital media processors and related software for a wide range of visual computing platforms.NVIDIA has a Zacks Rank #2 and a VGM Score of B. The company has expected earnings growth of 30.6% for the current year. Its earnings estimate for the current year has improved by 4.9% over the last 30 days. The stock has a dividend yield of 1.3%.Hewlett Packard Enterprise Company HPE offers technological solutions to private and public sector companies.Hewlett Packard has a Zacks Rank #2 and a VGM Score of B. It has a P/E (F1) of 9.28, lower than the industry average of 16.59. Its earnings estimate for the current year has improved by 1.2% over the last 30 days. The stock has a dividend yield of 1.3%.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report INTL BUS MACH (IBM): Free Stock Analysis Report APPLE INC (AAPL): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NVIDIA CORP (NVDA): Free Stock Analysis Report LAM RESEARCH (LRCX): Free Stock Analysis Report TAIWAN SEMI-ADR (TSM): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report ALPHABET INC-A (GOOGL): Free Stock Analysis Report HEWLETT PKD ENT (HPE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research