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)

JPMorgan upgraded the company to "overweight," saying the recent amendment to the auto parts supplier's credit facility made it a "clear survivor." [ID:nBNG500120]

Shares soared 22 percent to $11.01.

GILDAN ACTIVEWEAR INC (GIL.N)

The company said its operations were unaffected by the current political situation in Honduras. [ID:nWNAB2981]

Shares slid 7.8 percent to $14.75.

ENCORE ACQUISITION CO (EAC.N)

EXCO RESOURCES INC (XCO.N)

Encore Acquisition will acquire oil and gas properties in the mid-continent and East Texas from EXCO for $375 million in cash. [ID:nBNG436410]

Shares of Encore Acquisitions rose 2.6 percent to $30.61 while EXCO advanced 7.4 percent to $11.01.

ALLIS-CHALMERS ENERGY INC (ALY.N)

The company said it would buy up to $74.8 million of its senior notes with funds from a rights offering completed on Friday. [ID:nBNG495556]

Shares sank 14 percent to $2.71.

BLACKSTONE GROUP (BX.N)

The private equity firm said it had raised $4.3 billion for a fund to invest in property throughout Europe, anticipating the sector's recovery. [ID:nLT727855]

Shares fell 0.2 percent to $10.86.

COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH.O)

Wachovia upgraded the company to "market perform," expecting better revenue growth for the information technology services company in 2009. [ID:nBNG269019]

Shares rose 2.6 percent to $27.32.

PEPSICO (PEP.N)

PEPSI BOTTLING GROUP INC (PBG.N)

Stifel Nicolaus upgraded both companies to "buy" from "hold." The firm cited valuation in its upgrade of Pepsi Bottling, and said that PepsiCo shares would be attractive whether or not it bought the outstanding shares of Pepsi Bottling and PepsiAmericas (PAS.N) that it does not already own. [ID:nBNG497183]

Shares of PepsiCo rose 0.2 percent to $54.78 while Pepsi Bottling was up 0.2 percent to $33.69.

AGRIUM INC (AGU.N)

CF INDUSTRIES INC (CF.N)

Agrium said CF Industries refused to meet with it even after a majority of CF shareholders tendered their shares in Agrium's hostile bid for CF. [ID:nN29376831]

Shares of CF slid 1.2 percent to $75.31 while U.S.-listed shares of Agrium rose 1.5 percent to $41.

UBS AG (UBS.N)

The bank is expected to agree to a huge payment to end a tax dispute with the United States. Swiss media reported that the bank could pay billions of dollars to settle the case. [ID:nLT733570]

U.S-listed shares rose 0.9 percent to $12.41.