Why Flight Centre, Goodman and Mineral Resources shares are creating a buzz on Tuesday

Mineral Resources, Flight Centre, and Goodman Group shares are making waves on Tuesday. But why?

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Flight Centre Travel Group Ltd (ASX: FLT), Goodman Group (ASX: GMG) and Mineral Resources Ltd (ASX: MIN) shares are turning heads today.

But not for their outperformance.

During the Tuesday lunch hour, only one of the three big-name ASX stocks is edging above the 0.5% losses posted by the S&P/ASX 200 Index (ASX: XJO), with the other two taking a steeper tumble.

Here's what's grabbing investor interest.

A young woman holds her hand to her ear and leans sideways as if to listen to something that's surprising her as her eyes and her mouth are wide open.

Image source: Getty Images

Mineral Resources shares growing their lithium footprint

In earlier trade, shares in the ASX 200 lithium miner and diversified resources producer were up as much as 2% at $72.94 apiece, marking a two-year high.

But, potentially impacted by intraday concerns over renewed conflict in the Middle East, Mineral Resources shares are down 0.2% at the time of writing, trading for $71.39 apiece.

The mining giant is creating a buzz today after announcing that, together with JV partner Jiangxi Ganfeng Lithium, it has made the final investment decision (FID) to build a flotation plant at its Mt Marion lithium project, located in Western Australia. The FID also greenlights the development of underground mining at the project.

The JV partners will spend around $490 million on the combined works across FY 2027 and FY 2028.

Commenting on the decision that's intended to support Mineral Resource shares over the longer term, managing director Chris Ellison said:

This high-return brownfield investment sets up Mt Marion for decades to come. Underground mining and flotation will work together to access deeper high-grade ore, lift recoveries and produce a single 5% product.

Flight Centre shares sink on Middle East travel impacts

Flight Centre shares are down 3.6% at the time of writing, changing hands for $9.91 each.

This follows a trading update from the ASX 200 travel stock, delivered during its annual Investor Day.

Investors look to favouring their sell buttons after Flight Centre noted that after a strong first three quarters of FY 2026, its fourth quarter performance has been "heavily impacted by Middle East tensions".

Flight Centre expects to record a $10 million reduction in its expected April profits amid rising refunds and other headwinds from the ongoing Iran war.

The company's leisure business has been hardest hit, with Flight Centre warning that May and June may take an even steeper hit on the company's bottom line, noting that May and June are typically stronger leisure trading months.

Which brings us to…

Goodman shares repositioning for AI data centre growth

Joining Flight Centre and Mineral Resources shares in the headlines today, Goodman shares are down 2.5%, trading for $29.30 apiece.

This follows the release of the ASX 200 integrated property group's third-quarter update.

Goodman shares are slipping despite the company reporting a stable total portfolio value of $87.1 billion. And on the growth front, as at 31 March, Goodman has $14.5 billion of work in progress across its development projects.

Over the past four quarters, Goodman has leased 3.3 million square metres, bringing in $491 million in annual rental income.

Commenting on the company's shifting focus, most notably impacted by the surging demand for AI-enabled data centres, Goodman Group CEO Greg Goodman said:

The group has progressively repositioned its portfolio toward large, infrastructure-scale industrial assets and data centres…

Hyperscale capex is accelerating, with our metropolitan portfolio positioned at the centre of cloud and AI demand, and the shift towards low-latency dependant AI inferencing.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Flight Centre Travel Group and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ASX Share Market News

a happy plumber smiles while repairing bathroom fittings in a home.
Earnings Results

Reliance Worldwide FY26 profit falls but receives Brookfield takeover offer

Brookfield has made a non-binding $4.75 per share takeover offer.

Read more »

Excited couple celebrating success while looking at smartphone.
Broker Notes

Where to invest $5,000 in Australian shares now

Brokers rate these shares as buys. Here's why they could be top picks.

Read more »

Smiling man sits in front of a graph on computer while using his mobile phone.
Broker Notes

Experts name 3 ASX shares to buy this week

These shares have been given the thumbs up by experts this week. Let's find out why.

Read more »

Business people discussing project on digital tablet.
Broker Notes

Buy, hold, sell: Endeavour, JB Hi-Fi, and New Hope shares 

Bell Potter has given its verdict on these shares following their results.

Read more »

Buy and sell on yellow paper with pins on them and several share price lines.
Broker Notes

Experts name 3 popular ASX 200 shares to sell today

Leading experts forecast mounting headwinds for these heavyweight ASX 200 shares. But why?

Read more »

Happy woman working on a laptop.
ASX Share Market News

5 things to watch on the ASX 200 on Tuesday

There are some big results to watch out for on the ASX today.

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a sour start to the trading week today.

Read more »

Woman checking out new laptops.
Consumer Staples & Discretionary Shares

Down 14% today: Are JB Hi-Fi shares now a bargain-bin buy?

Could JB's plunge mean a bargain buy?

Read more »