10 Active Super Hot Stocks: RIG Offers 26 Million Shares, Raytheon Receives Approval, and Banks Surge Higher

Shares of AT&T (NYSE:T) bounced 1.7% before the opening bell.  The announced early Wednesday that it will expand its current internet and voice services to multinational companies in China.  Competitors trading on the news include: Verizon (NYSE:VZ) and Sprint (NYSE:S).

Don’t Miss: AT&T and T-Mobile Withdraw Merger Application After FCC Report Undermines Deal.

Transocean (NYSE:RIG) is popping nearly 2% early Wednesday.  The oil drilling giant held a sale of 26 million shares, as the company seeks to raise funds to help refinance its acquisition of Norway rival Aker Drilling ASA.

Despite a 19% rise in profits, Jos A Bank Clothiers Inc. (NASDAQ:JOSB) is falling 5% early this morning.  For the third quarter, the company reported a profit of $15 million (54 cents per share), compared to $12.6 million (45 cents per share) last year.  Competitors to watch include: The Men’s Wearhouse, Inc. (NYSE:MW) and Macy’s Inc. (NYSE:M).

Investing Insights: These are the Most Popular Financial Stocks Held by Hedge Funds.

Shares of Raytheon (NYSE:RTN) are jumping 3% this morning, after winning approval from the US Congress and the State Department to upgrade Saudi Arabia’s missile defense system for $1.7 billion.

Although a number of banks received a downgrade late Tuesday, large US banks such as Morgan Stanley (NYSE:MS), JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC), and Goldman Sachs (NYSE:GS) are surging after a joint effort by central banks to inject liquidity into the markets.

Don’t Miss: Here’s Why the Eurozone Solution is Fraught with Uncertainty.