US stocks were set to bounce back at the open on Monday following the benchmark S&P 500's worst week since 2012, as a scant U.S. economic calendar kept the focus on earnings and Portugal was set to bail out its largest publicly traded bank.
* Portugal will spend 4.9 billion euros ($6.58 billion) to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
* Warren Buffett's Berkshire Hathaway Inc said Friday second-quarter profit soared 41% to a record high due to substantial investment gains and improved results in manufacturing, service and retail businesses. The company's class B shares gained 1.7% in premarket trading.
* Shares of Michael Kors fell 2.9% in trading before the market opened. Earlier, the shares had jumped more than 10% following results that showed a 43% rise in quarterly revenue.
* S&P 500 e-mini futures were up 4 points and fair value - a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract - indicated a higher open. Dow Jones industrial average e-mini futures rose 27 points and Nasdaq 100 e-mini futures added 10 points.
* The S&P 500 fell 2.7% last week, its biggest%age drop since the week through June 1, 2012.
* Shares of Pike Corp soared almost 50% in premarket trading on news investment firm Court Square Capital Partners and Pike's chief executive, J. Eric Pike, will take the company private for about $383 million.
* Conglomerate Loews Corp posted a 57% drop in quarterly profit on lower earnings from Diamond Offshore Drilling, one of the world's top five offshore rig contractors. Diamond shares fell 4.7% in light premarket trading.
* Diamond was downgraded and its price target was cut by Deutsche Bank, alongside similar bearish calls on Ocean Rig, Seadrill, Rowan Cos and others in the sector.
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