Much like erratic swings in the stock market, the fates and fortunes of films in the Oscar race rise and fall with each passing awards show and critic's top 10 list.

A closer look at the winners from the film awards handed out so far this season would seem to indicate a clear favorite for best picture at the Academy Awards on Sunday: "The Hurt Locker."

The Kathryn Bigelow-directed film has been nominated by each of eight major industry guilds and critics groups that we looked at for the chart at left -- and it won half of the top honors.

The next closest competitor: "Up in the Air," with two wins and nominations from all but one group.

"Precious," "Inglourious Basterds" and "Avatar," ranked by number of nominations by the eight groups, round out the top five in the newly expanded field of 10 best picture nominees.

Down at the bottom of the list, with no nods among the eight groups: "The Blind Side," starring acting nominee Sandra Bullock. But just like the whims of the financial markets, you can never count a movie out until the final bell sounds.

-- Brady MacDonald

L.A. Times reviews of the 10 best picture nominees: