Before this morning’s Academy Award nominees get their shot at Oscar, they will first have to contend with the Golden Globes.

The Globes offer a decent barometer as to who will go home with Hollywood’s most coveted award. As the town ramps up for the Globes on Sunday, January 13, Celebuzz takes a look at each nominee in the major acting and film categories.

First up: Who will – and should – win Best Actress.

With the Oscar nominations announced, there is some expected overlap between the Academy’s picks and the Hollywood Foreign Press.

Favorites Naomi Watts (The Impossible), Jessica Chastain (Zero Dark Thirty) and Jennifer Lawrence (The Silver Linings Playbook) have emerged as the frontrunners for both awards, with Chastain and Lawrence seemingly in a dead heat for victory.

While a Golden Globe win does not guarantee an Academy Award, it does provide a decent indicator as to who should start making extra room on their mantle.

Check out our breakdown of the actresses in contention and their chances, then share with us your predictions in the comments below!

The Silver Linings Playbook and Steven Spielberg’s Lincoln lead the SAG Award Nominations, which were announced Wednesday in Los Angeles. Each film garnered 4 nominations each, including Best Ensemble. Playbook’s Jennifer Lawrence was nominated for Best Actress, and Daniel Day-Lewis snagged a Best Actor nom. For the complete list of nominees, click here!

Wally Pfister, the guy who shot Christopher Nolan’s Dark Knight trilogy, has enlisted Johnny Depp to star in his top-secret directorial debut, Transcendence. Plot details have been kept insanely close to the vest on the project, until now…

In a recent interview, Transcendence producer Andrew Kosove revealed that the story “involves a scientist (Depp) whose brain gets uploaded into a supercomputer with the aim of creating the world’s first machine that can think for itself.” Nanotechnology and artificial intelligence is also involved. Kosove also provided an update on the film’s casting: Noomi Rapace (Prometheus) is no longer in the running for the film’s lead female role, and Ewan McGregor passed on an early draft of the script. Depp’s casting is expected to attract an impressive ensemble, so Celebuzz will keep you posted. [The Wrap]

Fans of Community’s Gillian Jacobs are about to get their fix of the TV star on the big screen. The actress has signed on to join The Hunger Games’ Elizabeth Banks in the comedy Walk of Shame. The film, written and directed by Steve Brill, centers on a local news anchor (Banks) who, after a drunk one-night stand, wakes up broke and without her I.D. She must trek across Los Angeles to make it to a life-changing job interview. Jacobs will play Banks’ best friend, naturally. [The Hollywood Reporter]

Tinker, Tailor, Soldier, Spy is getting a sequel?! Tinker, Tailor is getting a sequel. Producer Eric Fellner, while doing press rounds for his current film Les Miserables, revealed that director Tomas Alfredson and writer Peter Straughan are actively working on the screenplay for Smiley’s People, which once again centers on Gary Oldman’s retired spy, Smiley. [Collider]

Zero Dark Thirty’s Joel Edgerton is trading in assault rifles for six shooters for a role opposite Natalie Portman in the Western Jane Got a Gun. The film centers on Jane (Portman), a wife who must defend her homestead when her bad guy of a husband (Edgerton) goes on the run from his former gang of outlaws. Jane also stars Michael Fassbender as a gunslinger Jane hires to help her out. Production is set to start in February. [Deadline]

Which piece of movie news has you the most excited? Discuss in the comments below!

The 19th Annual SAG Awards will air live from the Los Angeles Shrine Exposition Center on TNT and TBS on Sunday, Jan. 27 at 8 PM ET.