Repeated rounds of stormy weather loitering off the Southeast coast could do more than just dampen fireworks celebrations in Florida this weekend – there’s a good chance it becomes hurricane season’s next named storm.

The National Hurricane Center increased its odds that a tropical system could develop near Florida late this week or early next week as forecasters expect a wet July 4 weekend for South Florida.

There's now a 40% chance for a tropical or subtropical depression forming near Florida by the Fourth of July holiday weekend.