MARKET PULSE-J.C. Penney, Eli Lilly, Whirlpool, BlackBerry, Orbitz
Aug 13 (Reuters) - Some U.S. stocks to watch on Tuesday:
FUTURES RISE AHEAD OF RETAIL DATA,J.C. PENNEY UP EARLY
U.S. stock index futures rose, indicating a rebound as investors looked ahead to the latest economic data and sought bargains following an extended period of weakness.
S&P 500 futures rose 3.3 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 39 points and Nasdaq 100 futures rose 7 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...