With the 78th annual Golden Globe nominations only a week away (Feb. 3), Variety Awards Editors Clayton Davis and Jenelle Riley examine the contenders for the best lead actress category for both drama and comedy or musical in the latest Variety Awards Circuit video.

Frances McDormand leads the drama side of the category for her performance in “Nomadland,” which has been garnering plenty of buzz and critics prizes this year. “I think it may be top two best things she’s ever done,” Davis said. McDormand also stands a chance to be the first woman to be nominated for acting and producing in the same year.

Another top contender is Carey Mulligan in “Promising Young Woman,” which Riley points out would be her first nomination since the 2009 film “An Education.” “I think we’re sort of used to seeing her in corsets and period pieces, and she is just a smart, furious performance,” Riley said. “It’s a woman who’s pretending everything is okay on the outside, thus the fancy nails, but a lot going on in the inside.”

Other performances mentioned for the best actress in a drama category were Vanessa Kirby in “Pieces of a Woman,” Viola Davis in “Ma Rainey’s Black Bottom,” Zendaya in “Malcolm & Marie,” Kate Winslet in “Ammonite,” Sophia Loren in “The Life Ahead,” Andra Day in “The United States vs. Billie Holiday” and Nicole Beharie in “Miss Juneteenth.”

Over on the comedy or musical film side of the Golden Globes, Riley said the race got a bit of a shakeup when “Borat Subsequent Moviefilm” star Maria Bakalova was shifted from the supporting category to the lead category. Davis said she will be facing a lot of veterans in this category, including Michelle Pfeiffer in “French Exit” and Meryl Streep in “The Prom.”

Additional performances mentioned for the best actress in a comedy or musical motion picture category were Rashida Jones in “On the Rocks,” Radha Blank in “The 40-Year-Old Version,” Rachel McAdams in “Eurovision Song Contest: The Story of Fire Saga” and Emily Blunt in “Wild Mountain Thyme.”

The 78th annual Golden Globe ceremony will take place on Feb. 28.