Activist May Dine on Bob Evans, Alcoa Earnings, Cramer on Facebook

Second-quarter earnings are on the way, and they could set the tone for the rest of summer.
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The U.S. economy's big test kicks off for the market today after the bell: Second-quarter earnings are on the way, and they could set the tone for the rest of summer. Bob Evans finds itself in need of a win when it announces its quarterly numbers; the company had to surrender a pair of board seats to activist Sandell Asset Management and could face a shake-up after already missing estimates two quarters in a row. Elsewhere, Alcoa looks to keep playing its hot hand in the steel game. And Jim Cramer is looking at Facebook's advertising successes, saying the company could still post double-digit percentage gains.