Dorian has strengthened into an “extremely dangerous” storm and “poses a significant threat to Florida and the Northwestern Bahamas”, the National Hurricane Center said on Friday.
With maximum sustained winds of 115mph, it has strengthened over the Atlantic Ocean into a Category 3 hurricane on the Saffir-Simpson hurricane wind scale.
As of Friday afternoon, the hurricane was about 445 miles east of the northwestern Bahamas, the NHC said. It is expected to be near or over the northwestern Bahamas on Sunday and near the Florida peninsula late Monday.
“Additional strengthening is forecast, and Dorian is anticipated to remain an extremely dangerous major hurricane while it moves near the northwestern Bahamas and approaches the Florida peninsula into early next week,” the centre said.
President Donald Trump has approved an emergency declaration for Florida and ordered federal assistance to the state.
Analysts at Jefferies note that companies like Home Depot and Lowe’s have some exposure to the hurricanes through their stores in Florida but note that they should benefit from sales of “preparedness & survival items, like plywood, sandbags, generators, batteries, and flashlights”.
They add that torrential rains and flooding will boost demand for flooring as the rebuilding process gets under way.
Here’s a look at residents across Florida readying for Dorian.