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.

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

There is now a 60 percent chance that a tropical depression forms near the United States this Independence Day weekend, but those along the Gulf Coast can breathe easier for now. The National Hurricane Center has shifted where forecasters think the disturbance will form from the Gulf to the southwestern Atlantic, off the Southeast coast.