By Dan Weil It’s companies with high profitability levels and valuations lower than the S&P; 500’s forward price-to-earnings ratio of about 20. With bond yields rising and the Federal Reserve poised to raise interest rates, which companies can weather the storm? Barron’s cites a list of “quality” stocks from Wolfe Research with high profitability levels and valuations lower than the S&P 500’s forward price-to-earnings ratio of about 20. “These stocks can easily repay their debts and are unlikely to see their valuations get hit as credit spreads widen,” Barron’s says. “Widening spreads” refers …