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At the same time, the brand's popularity may have peaked and is "on the way out," teens said in the firm's annual survey. While Stanley's multi-colored insulated cups still have considerable caché, upper-income teens told Piper Sander that the products could soon see the same fate as skinny jeans. Upper-income male teens surveyed ranked Stanley cups as their fifth-most fashion trend on the way out. Keith told Business Insider the survey's fashion trend question is open-ended, meaning that respondents are not prompted by a list of options. "They really kind of struck gold with these larger, thick cups, with the handle and a straw," Keith told BI.
Persons: Piper Sandler, Stanley, , Piper Sander, Peter Keith, Alexia Morgan, Keith, doesn't, weren't, Piper Sandler's, Morgan, hasn't, Dominick Organizations: Service, CNBC, PMI
Check out the companies making headlines in midday trading: First Solar — The solar stock slipped 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar's third-quarter report to disappoint. Tesla — The stock was little changed ahead of the electric vehicle maker's robotaxi event Thursday after the bell. Investors expect Tesla to announce a Cybercab robotaxi prototype alongside advancements in driver assistance features and artificial intelligence capabilities. CVS Health — The pharmacy chain's stock rose 1.8% following an upgrade at Barclays to overweight from equal weight. PayPal — The payments platform stock slipped 2.9% following a Bernstein downgrade to a market perform rating from outperform.
Persons: Jefferies, Stifel, Piper Sandler, Tesla, Bernstein, Harshita Rawat, Venmo, — CNBC's Lisa Han, Sean Conlon, Sarah Min, Hakyung Kim, Michelle Fox Organizations: Enphase Energy, Dominion Bank, Street Journal, GXO Logistics —, Bloomberg, Logistics, American, JPMorgan, CVS Health, Barclays, CVS, Genomics, PayPal Locations: Toronto, Canadian
Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfolio. They added, that in their view, the Starbucks brand remains a "relevant social currency among teens." But they noted that Nike is now "starting to see weakness in overall brand mindshare." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Piper Sandler, it's, Estee Lauder, Locker —, Instagram, TikTok, China's ByteDance, Dunkin, Locker, Foot, Jim Cramer's, Jim Cramer, Jim, Avishek Das Organizations: Teens Survey, Apple, Facebook, Apple Watch, Starbucks, MAC, Sporting Goods, Nike, Piper, CNBC, Getty Locations: Piper's, Israel, Asia
Around 40% of teenagers say they have cut back on their time on social media, according to a report published Monday by the Pew Research Center. Nearly the same proportion of teens acknowledge that they spend “too much” time on their smartphones (38%) and social media (27%). However, some revealed mixed emotions, as 44% of the teens surveyed said they feel anxious when they’re without their phones. Many parents also say they are keeping tabs on their teens’ smartphone and social media use, with half of parent respondents reporting they’ve looked through their children’s phones, particularly parents of younger teens. (And in most cases, their children seem to know it: 43% of teen respondents said their parents had looked through their phones.)
Persons: Vivek Murthy, Monday’s Pew, they’re, Organizations: New, New York CNN, Pew Research, Pew, American Psychological Association Locations: New York
AdvertisementAdvertisementAmong the stores Gen Z shops the most, Sephora and Ulta are neck-and-neck for the top beauty stores. But in the most recent survey, Sephora moved to the number one slot. AdvertisementAdvertisementThe Piper Sandler survey also found that both brands have some of the most successful loyalty programs among Gen Z. Of the female teens surveyed with membership accounts, 67% are Sephora Beauty Insiders, and 60% are ULTAmate rewards members. I visited Sephora and Ulta to see how they compare and what draws Gen Z to both brands.
Persons: Sephora, Ulta, , Piper Sandler's, Gen Z, Louis Vuitton, Jean, Jacques Guiony, Piper Sandler, Gen, Z Organizations: Service, Gen, LVMH, Dior
Only 2 in 5 teens are using ChatGPT, survey finds
  + stars: | 2023-10-10 | by ( Pete Syme | ) www.businessinsider.com   time to read: +2 min
40% of teenagers have used ChatGPT in the last six months, according to a Piper Sandler report. ChatGPT saw its traffic decline three months in a row until August, with summer break a possible cause. AdvertisementAdvertisementJust two in five teenagers have used ChatGPT in the last six months, according to a survey from Piper Sandler. On ChatGPT usage, it also pointed out a gender imbalance: 68% of the teens who have used OpenAI's chatbot are male. It found then that only 24% of the teens surveyed had used ChatGPT, of which almost three-quarters were male.
Persons: Piper Sandler, ChatGPT, , Piper Sandler's, Similarweb Organizations: Service Locations: Northwestern
Kids 11 to 17 love certain apps, a new study says: They spend nearly two hours a day on TikTok. But Facebook has fallen out of favor with the younger set, with only a minute of screen time daily. The median time each day spent on TikTok by the teens who use the app? Common Sense Media is a nonprofit organization that focuses on media literacy and safety for children. AdvertisementAdvertisementAccording to Common Sense Media, kids may prefer TikTok over text-based apps like X, formerly Twitter, because users don't need to read or type.
Persons: , TikTok, Mott, They'd Organizations: Facebook, Service, YouTube, Sense, University of Michigan, Mott Children's, Netflix, Media, Apple, Sense Media
Nike also remains the preferred apparel brand, according to the semiannual Piper Sandler survey. Twice a year, Piper Sandler surveys teenagers, now part of Gen Z, on brand preferences. And among upper-income female teenagers, Lululemon earned the top spot, being the preferred brand of 14% of respondents. Among upper-income males surveyed, Nike was the top clothing brand of 50% of those surveyed. For the most recent edition of the survey, Piper Sandler polled teenagers in 47 states.
There are a lot of reasons why you might want to delete a popular app from their phone — and you're far from alone. Popular social media apps Instagram, Facebook and Snapchat garnered the most internet searches from people looking to delete those apps over a recent six-month period, according to an analysis of search trends from cybersecurity website VPNOverview. During that period, there were more than 900,000 searches for how to "delete" or "deactivate" Instagram, more than any of the country's 30 most popular apps by downloads, VPNOverview said in its February report. And in recent years, polls have shown growing distrust of popular social media platforms over issues like disinformation, cyberbullying, phishing scams, privacy concerns and data mining. And, while the majority of teens today are willing to take breaks from social media, they're also mostly split on whether they could give up social media altogether.
Ulta is still the most popular beauty store for all female teens, according to a semiannual survey. Out of the 6,670 female teens surveyed, 29% of upper-income female teens and 40% of average-income female teens chose Bath & Body Works as their favorite source for fragrances. Upper-income female teens are spending slightly less for perfumes at $62 every year compared with $67 a year spent on perfumes by average-income female teens. While female teens with wealthier incomes spent $93 last fall on hair care products, female teens with average income spent $91 a year. However, Olaplex was the most popular hair care brand for 14% of upper-income female teens, and the second most popular for female teens with average incomes.
Gen Z may be done with the thumbs-up emoji, but teenagers across America still love Chick-fil-A. The popular chicken sandwich restaurant is a favorite among the nation's teens, according to Piper Sandler's semi-annual Taking Stock With Teens survey, with 15% of respondents listing it as their No. The survey, which was conducted between Aug. 12 and Sept. 23, got responses from 14,500 teens across 47 states, with an average age of 15.8. Chick-fil-A's 15% mark put it firmly in the lead among all restaurant chains. The next closest was Starbucks, which was listed as the favorite by 12% of teens.
Piper Sandler released its "Taking Stock with Teens" survey for the fall of 2022. Piper Sandler's teen spending survey project first kicked off in 2001, and has amassed over 56.5 million data points across the years. The survey discovered that "self-reported" spending for teens jumped 3% over year, although it dropped 2% from spring 2022. Females 'led the increase in teen spending.' Piper Sandler found that teen spending is up 3% year-over-year Courtesy of Piper SandlerFemale teens reported a year-over-year spending increase of 10%.
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