5 stocks to watch on Thursday: Alphabet, Taiwan Semiconductor and more
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Inflation data will drive trading on Thursday, as investors focus on the latest CPI report. Headed into the release of the consumer price statistics, stocks rallied in Wednesday's trading, with the S&P 500 surging 1.3%. Here are some stocks to watch for Thursday:

Verily, a healthcare venture owned by Google parent Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), plans to cut 15% of its staff. According to CNBC, the company sent an email to employees announcing the restructuring, which will impact 240 employees.
Las Vegas Sands (LVS) revealed that it intends to build a new casino project on Long Island, New York. The firm has reached deals to purchase a long-term lease for 80 acres in Nassau County, New York, which is currently home to the Nassau Veterans Memorial Coliseum.
Taiwan Semiconductor (TSM) reported a mixed earnings report, topping expectations with its Q4 profit. Revenue rose 27% to $19.9B, missing analysts' consensus by nearly $1B. The top-line figure rose 2% sequentially. Shares of the semiconductor maker climbed 2% in premarket action.
American Airlines (AAL) advanced in premarket action after the company raised its Q4 forecast. Shares of the airline rose 4% after predicting that its Q4 profit will reach $1.12-$1.17 per share. Previously, the firm had projected $0.50-$0.70 per share.
Anheuser-Busch InBev (BUD) dropped more than 2% before the opening bell, dragged down by a bearish analyst comment. UBS cut its rating on the beer brewer to Sell from Neutral, arguing that the company could face headwinds in the post-pandemic environment. "Our analysis suggests the beer category is unlikely to benefit from deceleration in premium and above spirits," analyst Nik Oliver stated.


For a medium-term view of inflation, see why Seeking Alpha contributor Mott Capital Management believes "the market may have its inflation outlook completely wrong."