The Mother of All Retail

Looking over the NYSE and NASDAQ tables this morning, I was struck by how high the price-earnings ratios continue to be for the companies that comprise the Dow Jones Industrial Average. Of course, earnings have been off this year, so that may partially explain the high multiples. But even if you double the earnings of the Dow Jones 30, the P-E ratios would still be high (if not very high) by historical standards.

One company that has a P-E ratio of roughly 30, however, is likely to see its stock rise sharply on Monday and here's why.