Stocks to Watch as Hurricane Florence Approaches

Leroy Wright
September 12, 2018

Forecast to make landfall late Thursday or early Friday between Charleston, South Carolina, and Norfolk, Virginia, the hurricane is for now rated as a Category 4 storm, with winds of 130 to 156 miles an hour.

North Carolina, South Carolina, Virginia and Maryland have all declared a state of emergency and told residents to prepare for flooding and power outages. So it may shift over the coming days, but if predictions hold, Florence is set to be the first Category 4 hurricane to make landfall in North Carolina since Hurricane Hugo tore through the state in 1989.

Hurricane Florence has the potential to bring catastrophic flooding to areas of the eastern USA already soaked by heavy rain.

Nasa said the storm, now brewing above the Atlantic Ocean, had weakened to Category 1 strength, but is expected to strengthen into a Category 3 hurricane by the time it makes landfall on the U.S. mainland.

In a statement the centre said: "Further strengthening is anticipated, and Florence is expected to be an extremely unsafe major hurricane through Thursday".

About halfway between Hurricane Florence and Hurricane Helene is the small but unsafe Tropical Storm Isaac, which was downgraded from hurricane status early this morning (Sept. 11). That means high rainfall totals and consequent inland flooding could become a huge concern.

But the landfall intensity of that storm was 250 km/h when it hit Puerto Rico, it added.

The Pentagon said Monday it has sent an advance military team to an emergency operations center in Raleigh, North Carolina, to coordinate with federal and state partners in relief efforts.

A wider area will be impacted as Florence moves inland.

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Several meteorologists said Florence could do what Hurricane Harvey did past year over Texas, dumping days of rain, although not quite as bad. As a major storm, the hurricane is expected to produce life-threatening conditions.

At the time of this writing using the latest information from the NWS, the storm is 651 kilometers (405 miles) south of Bermuda. Rains for Florence may exceed 20 inches in the hardest hit locations - and this is ONLY an early projection.

Further east, forecasters are watching Hurricane Helene and Tropical Storm Isaac in the Atlantic, and a patch of showers in the western Caribbean, which has a 30 per cent chance of becoming a cyclone in the next 2 days.

Mandatory evacuations are now in place for parts of the Carolinas and Virginia.

Florence remains at a Category 4 Tuesday morning and should continue to gradually strengthen within the next 24 to 36 hours.

He has also canceled campaign events Thursday and Friday in anticipation of the storm.

Experts warn that Florence could top Hurricane Katrina in 2005 in terms of property damage, with potential reconstruction of costs of $170 billion.

Panovich said one thing to worry about is the storm slowing down as it approaches the Carolina's.

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