S&P/ASX 200 Index (ASX: XJO) shares were up 0.9% on Monday at 8,852.6 points.
Among the 11 market sectors, technology leads, up 3.4 percent, while energy is down 3.2 percent.
Energy is low after Pakistan attempts to restart talks between the US and Iran.
After two weeks of attacks, the two countries halted military action against each other over the weekend.
Meanwhile, at Bell This week, two experts give us their views on three ASX 200 shares.
Let’s check them out.
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Rio Tinto shares are at $162.27, up 1.4% today and up 39% over the past 12 months.
Rio Tinto was among the ASX 200 large caps with the biggest share price gains in FY26, up 61%.
Michael Gable from Fairmont Equities gives the ASX 200 mining share a Buy rating following its 2Q FY26 earnings report.
Gable said:
The results met or exceeded most analysts’ expectations.
A rare buy signal recently appeared on the daily Relative Strength Index (RSI), a momentum indicator.
The price pullback that started in June is mostly over and shifting to a more favorable risk/reward ratio, in my view.
Woodside Energy Group Ltd (ASX: WDS)
Woodside shares are at $31.17, down 3.7% today and up 19% over the past 12 months.
Gable recently cut its rating on the ASX 200 energy share from buy to hold, explaining:
I have previously recommended this major oil and gas producer as a buying opportunity.
Shares responded to recent escalations in Middle East conflict.
The upward momentum has seen shares trade from $27.43 on June 25 to $31.86 on July 23.
The US strategic petroleum reserve was recently at a 43-year low, so keeping a lid on crude oil prices will be difficult, in my view.
As the largest energy stock on the ASX, we expect buying support for WDS to continue to build.
Treasury Wine Estates Limited (ASX: TWE)
Shares of Treasury Wine Estates are trading at $4.72, down 0.2% today and down 40% over the past 12 months.
Treasury Wine Estates has wine brands such as Penfolds, Wynns, Wolf Blass, Lindemans, and Squealing Pig. .
Philippe Bui from Medallion Financial Group has a sell rating on this ASX 200 wine share.
Boi said:
The brewer is embarking on a major transformation program.
It reported a statutory net loss after tax of $649.4 million in the first half of fiscal 2026, due to non-cash impairments of US assets.
It suspended the interim dividend which it considered a temporary measure to preserve capital and reduce leverage.
In our view, the turnaround plan, which includes divesting non-core brands, presents a headwind, as they represent significant volume.
Recovery will take time, so we see better opportunities elsewhere.
