Will win/should win:
Nomadland
The story: A woman (Frances McDormand) gets a bracing look at America when she hits the road in a van.
In its favor: McDormand was already beloved. Writer/director/editor Chloé Zhao's graceful handling of a tricky movie — it mixes actors with people playing themselves — made her a star.
Then again: There's a mild backlash in claims that Zhao is hiding a wealthy background (she says it's untrue) but that's about it.
The rest:
The Father
The story: An intimate trip into the mind of a man with dementia.
In its favor: Florian Zeller based the film on his play, which has racked up tons of awards, but he successfully rethought it in cinematic terms. And the aging Oscar membership probably thinks about memory loss on the regular.
Then again: It's a very small film, entirely set in one apartment, and viewers are more likely to talk about the performances than the movie.