BEST PICTURE: Will win

'The Power of the Dog'
The story: A Montana cowpoke (Benedict Cumberbatch) terrorizes his vulnerable sister-in-law (Kirsten Dunst) and her identity-questioning son (Kodi Smit-McPhee).
In its favor: Remember when Oscar voters proclaimed their unwillingness to even watch gay western "Brokeback Mountain" because of its same-sex lovers, giving best picture to ham-fisted "Crash" instead? Time for a do-over.
Then again: Might voters object to an all-American story that was shot in New Zealand with mostly non-American actors?
Should win: 'Licorice Pizza'

The story: In 1970s Southern California, two young people have misadventures and, possibly, fall in love.
In its favor: Paul Thomas Anderson, one of our greatest filmmakers, has been nominated for 11 Oscars, with zero wins. Embarrassing.
Then again: It's sunnier — and slighter — than the other contenders. And it's a tough movie to describe and some believe the depiction of a racist character makes the film itself racist.
Other Best Picture nominees
'Belfast'
The story: It's based on writer/director Kenneth Branagh's childhood, growing up in 1960s Northern Ireland and confused by the sectarian violence.
In its favor: Branagh's five previous nominations with no wins have earmarked him as an Oscar soon-to-be, and this movie is hard to dislike.