4 blue chip stocks with big potential

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.

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 (Value Growth Momentum) score comes in. 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.

Taiwan Semiconductor Manufacturing Company Limited (TSM) designs, manufactures, sells and markets semiconductor devices.

Taiwan 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%.

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