S&P/ASX 200 Index (ASX: XJO) shares are up 0.9% to 8,852.6 points on Monday.
Among the 11 market sectors, technology is in the lead, streaking 3.4% higher, while energy is dropping 3.2%.
Energy is lower after Pakistan tried to restart talks between the US and Iran.
Both nations ceased military action against each other over the weekend, following two weeks of attacks.
Meanwhile, on The Bull this week, two experts give us their views on three ASX 200 shares.
Let's check them out.
Image source: Getty Images
Rio Tinto Ltd (ASX: RIO)
The Rio Tinto share price is $162.27, up 1.4% today and up 39% over 12 months.
Rio Tinto was among the ASX 200 large caps that generated the most share price growth in FY26, rising 61%.
Michael Gable from Fairmont Equities gives the ASX 200 mining share a buy rating following its 2Q FY26 production report.
Gable said:
Results met or exceeded expectations of most analysts.
A rare buy signal recently appeared on the daily relative strength index (RSI), which is a momentum indicator.
The price pullback that started in June is mostly over and is transitioning to a more favourable risk/reward ratio, in my view.
Woodside Energy Group Ltd (ASX: WDS)
Woodside shares are $31.17, down 3.7% today and up 19% over 12 months.
Gable recently reduced his rating on this ASX 200 energy share from buy to hold, and explained:
I have previously recommended this major oil and gas producer as a buying opportunity.
The shares responded to the recent escalation in the Middle East conflict.
Upwards momentum has seen the shares increase from $27.43 on June 25 to trade at $31.86 on July 23.
The US strategic petroleum reserve was recently at a 43-year low, so, in my view, it will be difficult to keep a lid on crude oil prices.
As the biggest energy stock on the ASX, we expect buying support to continue increasing for WDS.
Treasury Wine Estates Ltd (ASX: TWE)
The Treasury Wine Estates share price is $4.72, down 0.2% today and down 40% over 12 months.
Treasury Wine Estates owns wine brands like Penfolds, Wynns, Wolf Blass, Lindemans, and Squealing Pig.
Philippe Bui from Medallion Financial Group has a sell rating on this ASX 200 wine share.
Bui said:
The winemaker is undertaking a major transformation program.
It reported a statutory net loss after tax of $649.4 million in the first half of fiscal year year 2026, driven by non-cash impairments of US assets.
It suspended the interim dividend in what it deemed a temporary measure to preserve capital and reduce leverage.
In our view, the turnaround plan, which includes reducing non-core brands, presents a headwind, as they represent significant volume.
A recovery will take time, so we see better opportunities elsewhere.
