Ackman prefers Domino’s Pizza stock over Starbucks: Here’s why

Billionaire investor Bill Ackman said during The Wall Street Journal’s Future of Everything Festival on Wednesday that his hedge fund sold its entire stake in Starbucks (NASDAQ: SBUX) and replaced it with a 6% stake in Domino’s Pizza (NYSE: DPZ). Starbucks shares tanked close to 1.5% in premarket trading on Wednesday and lost another 1.5% […]