Should this become the second tropical system of the season, and strengthens beyond depression strength, it would be named Beryl.
While the drought-stricken areas in the southwestern United States could benefit from the moisture of this storm, the region could also experience flash flooding if rain develops too quickly. It was located about 450 miles south-southeast of the southern tip of the Baja peninsula in Mexico, the National Hurricane Center said.
Bud is packing 130 miles per hour winds and moving northwest at 7 miles per hour, the NHC said.
The National Hurricane Center (NHC) today reported on a broad area of showers and thunderstorms that have persisted over the southwestern Caribbean Sea for the past several hours.
Parts of Mexico's Pacific coast, including the port city of Manzanillo, have been placed under a tropical storm watch with the eastern edge of Hurricane Bud potentially scraping the shoreline as it moves north.
Two major category 5 hurricanes, Irma and Maria, ploughed through the Gulf of Mexico, the Caribbean and the U.S. west coast during 2017's extremely active Atlantic storm season, leaving a trail of destruction in their wake. Business owners in Los Cabos have been advised to to monitor the progress of Bud throughout the week.
Latest models show between three to four Category 3 hurricanes could form during the season, according to Tyler Roys, forecaster for AccuWeather.
Swells from Bud "are likely to cause life-threatening surf and rip current conditions" along the west coast of Mexico, according to the hurricane center.
But the official forecast from the hurricane center said that no tropical storms or hurricanes are forecast to develop in the next five days.