SM Energy Co (NYSE: SM) stock soared 5.00% in Thursday's trading session, as positive sentiment swept through the medical technology sector following strong earnings results from industry leader BD (Becton, Dickinson and Company).

The significant uptick in SM Energy's share price comes on the heels of BD's second-quarter fiscal 2025 financial report, which revealed robust performance across key metrics. BD reported a 4.5% increase in revenues to $5.272 billion, exceeding market expectations. The company's adjusted diluted earnings per share also rose by 5.7% to $3.35, demonstrating resilience in a challenging economic environment.

While SM Energy operates in the oil and gas sector rather than medical technology, the positive results from BD may be interpreted by investors as a sign of broader economic strength and increased demand for energy resources. The medical technology sector's performance often serves as a barometer for overall healthcare spending and economic activity, which can have ripple effects across various industries, including energy.

Furthermore, BD's strong international performance, with revenues outside the United States growing by 4.8% on a currency-neutral basis, suggests improving global economic conditions. This could bode well for energy companies like SM Energy, which are sensitive to global economic trends and energy demand. As economies worldwide continue to recover and expand, the demand for oil and gas is likely to increase, potentially benefiting SM Energy's operations and financial outlook.

Investors will be closely watching SM Energy's upcoming financial results to see if the company can capitalize on the positive momentum in the broader market. With BD setting a strong precedent for growth and resilience in the face of economic challenges, expectations for SM Energy's performance may be heightened, contributing to today's stock price surge.