HEADLINE STOCKS-Some U.S. stocks on the move on June 29

(Updates to after the open, adds Alcoa, JPMorgan Chase, PepsiCo/Pepsi Bottling, Cognizant, CF Industries/Agrium, J.C. Penney, Blackstone, Allis-Chalmers, TRW Automotive, Encore Acquisition/EXCO Resources and Gildan Activewear)

NEW YORK, June 29 (Reuters) - Some U.S. stocks on the move on Monday:

STATE STREET CORP (STT.N)

The U.S. Securities and Exchange Commission provided the company's principal subsidiary with a "Wells" notice related to an ongoing SEC investigation into the disclosure and management by State Street global advisors of certain active fixed-income strategies during 2007 and prior periods. [ID:nN29355479]

Shares fell 0.1 percent to $48.26.

ALCOA INC (AA.N)

FBR downgraded the aluminum company to "underperform," saying recent advances in the share price "have more than adequately priced in the potential improvements in aluminum fundamentals." [ID:nWNAB2835]

Shares of the Dow component fell 3.1 percent to $10.43.

J.C. PENNEY CO (JCP.N)

Morgan Stanley upgraded the department store to "overweight" from "equal weight," calling the company "the most likely candidate" in the department store sector to outperform current gross margin expectations in the second half of the year. [ID:nBNG500277]

Shares gained 2.1 percent to $28.97.

JPMORGAN CHASE & CO (JPM.N)

Rochdale Securities analyst Richard Bove forecast a second-quarter loss of 10 cents a share for the bank because of the impact of the redemption of the TARP preferred, as well as the payment of an FDIC assessment. [ID:nWNAB2957]

Shares of the Dow component fell 0.2 percent to $34.40.

TRW AUTOMOTIVE HOLDINGS CORP (TRW.N)