2014 Golden Globe Predictions

2014 Golden Globe Predictions

As the 71st Annual Golden Globe ceremony approaches, we're looking at who has the best chance of walking away with the coveted hardware in the top categories.

RELATED: 2014 Golden Globe Nominees

While The Wolf of Wall Street was ineligible for SAG nominations, the Golden Globes could be Leonardo DiCaprio's time to shine, as he's been nominated for Best Actor in a Motion Picture, Musical or Comedy.

The 39-year-old actor, already a Golden Globe winner, has said that making the movie was "one of the highlights of [his] career."

ET senior producer and resident film critic Sharlette Hambrick points out that all eyes will be on the ladies this year as the Best Actress category boasts of Cate Blanchett (Blue Jasmine), Meryl Streep (August: Osage County) and Sandra Bullock (Gravity) all vying for high honors. Meanwhile, Julia Roberts and Jennifer Lawrence could be neck-and-neck for their supporting roles in August: Osage County and American Hustle, respectively.

"I think Julia Roberts can pull this one out considering J. Law just won last year," says Hambrick.

In the midst of award season's usual suspects, last year also brought some breakout stars such as Somalian actor Barkhad Abdi (Captain Phillips), who had never acted before, Chiwetel Ejiofor (12 Years a Slave) and Idris Elba (Mandela: Long Walk to Freedom).

The Golden Globes air Sunday, January 12 at 8 p.m. ET/5 p.m. PT.