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NEW YORK ( TheStreet) -- There's no denying that Boeing (BA - Get Report) has been a red-hot stock of late, but Jim Cramer told Debra Borchardt at TheStreet.com Monday that unless the stock pulls back significantly, he's not a buyer.
Cramer admitted Boeing has been a remarkable stock in the face of defense cutbacks and 787 battery woes. No matter how bad the news, Boeing's stock continues to charge higher.
But that's a big red flag in Cramer's book, because he never invests in stocks with parabolic moves to the upside. "The stock is too high," concluded Cramer, and if it continues higher without a pullback, it can do so without him on board.To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here. -- Written by Scott Rutt in Washington. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC