MARKET PULSE-J.C. Penney, Whirlpool, BlackBerry, Avanir Pharma

Tue Aug 13, 2013 7:41am EDT
 
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(For more market insights, including options activity, click on ; for The Day Ahead newsletter link.reuters.com/mex49s)

Aug 13 (Reuters) - Some U.S. stocks to watch on Tuesday:

FUTURES RISE, J.C. PENNEY ADVANCES EARLY

U.S. stock index futures rose, tracking overseas markets higher as investors sought bargains following an extended period of weakness.

S&P 500 futures rose 4.6 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 63 points and Nasdaq 100 futures rose 11.25 points.

** J.C. PENNEY CO, Monday close $13.17, up 2 pct premarket

The struggling department store operator said activist investor Bill Ackman, who has been pressuring the company to oust its chairman and chief executive, has resigned from the board effective Aug. 12.   Continued...