Bouncing back this morning, the Standard & Poor’s 500 Index was up more than 10 points to over 1,202, a gain of about 0.85%. While the S&P is down more than 4% for the year, is it up about 7.6% for the week. Advancing stocks outnumbered those declining by better than 3-to-1. There were 35 stocks hitting new highs and 30 hitting new lows.

Up more than $2.10 to $49.80, a gain of more than 4.5% per share, was Cameron International (NYSE:CAM) on a positive research report. The entire energy sector has gained with returning investor confidence in global growth. Cameron International is up about 5% for the week and more than 20% for the year.

Bouncing back strongly after being battered because of poor earnings was Sprint Nextel (NYSE:S), up more than 3.6% to over $3.70, picking up more than 13 cents per share on an upgrade from Collins Stewart. Sprint and Mobilite announced an extension of their partnership to enable network vision. Those who “sold in May and went away” did well with Sprint, as it is down about 30% for the month and 30% for the quarter.

Fluor Corp. (NYSE:FLR) was up about $2 to more than $61.40 per share, a gain of about 3.15%. This morning, Flour announced it had won a new polymers plant contract in Saudi Arabia. The construction giant is up about 8.35% for the week. For the year, Fluor has risen by more than 28%.

Poor earnings had Dell (NASDAQ:DELL) down about 9% to under $14.50, a loss of about $1.40 per share. Dell also cut its revenue estimates on weak information technology spending. Up more than 9.5% for the week, Dell did receive a positive recommendation from RBC Capital Markets this morning.

First Solar (NASDAQ:FSLR) dropped more than 6% after the departure of a key executive, which had the stock losing around $4.60 a share to about $99.85. The tech company is up almost 5% for the week, however. First Solar has a relative strength index rating of 29.82, with 30 considered the standard for a when a stock should be considered oversold.

Deere & Co. (NYSE:DE) was down to about $73 early but rebounded to around $75, shedding only about 10 cents per share, or about 0.12%, as earnings came in better than expected. Profits were up 15%, which led to the recovery in the stock price when they were released at 10 a.m. Deere is up almost 6% for the week.

Jonathan Yates does not own any of the stocks mentioned in this article.