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Don't Buy Boeing Stock on United Airline Orders, Jim Cramer Says

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United Airlines  (UAL) - Get Free Report confirmed plans to buy a total of 270 new planes from both Boeing  (BA) - Get Free Report and Airbus  (EADSY) - Get Free Report. The roughly $30 billion deal marks the largest single aircraft deal in United's history, TheStreet's Martin Baccardax reported. 

Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that the deal reflects both the resurgence of the economy as well as increased demand for travel. 

What does the deal mean for Action Alerts PLUS holding Boeing? 

"What I like about that Boeing has been terrible....This is not going to counteract the bad news on Boeing. Don't buy Boeing on this, yet!" Cramer said. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 6/29/21

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